Balance per bookP 2 , 0 0 0 , 0 0 0 Bank charges 6 , 0

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Question:

Balance per bookP

2, 000, 000

Bank charges

6, 000

Outstanding checks

470, 000

Deposit in transit

600, 000

Customer note collected by bank

750, 000

Interest on customer note

30, 000

Customer check returned NSF

124, 000

Depositors note charged to account

500, 000

What is the adjusted cash in bank on December

31, 2023 ?

Related Book For answer-question

Principles of Auditing and Other Assurance Services

ISBN: 978-0078025617

19th edition

Authors: Ray Whittington, Kurt Pany

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Posted Date: Apr 22, 2024 04:01 AM

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Balance per bookP 2 , 0 0 0 , 0 0 0 Bank charges 6 , 0

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To determine the adjusted cash in the bank on December 31 2023 we need to calculate the net effect o... View the full answer

Principles of Auditing and Other Assurance Services

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