Easton Co. deposits all cash receipts on the day they are received and makes all cash...
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Easton Co. deposits all cash receipts on the day they are received and makes all cash payments by check. At the close of business on June 30, Its Cash account shows a debit balance of $69,209. Easton's June bank statement shows $65,549 on deposit in the bank. Determine the adjusted cash balance using the following information: Deposit in transit Outstanding checks Check printing fee, not yet recorded by company Interest earned on account, not yet recorded by the company The adjusted cash balance should be: Multiple Choice $72,049 $69,224 $62,724 $69,176 $6,500 $2,825 $ 33 $ 48 Easton Co. deposits all cash receipts on the day they are received and makes all cash payments by check. At the close of business on June 30, Its Cash account shows a debit balance of $69,209. Easton's June bank statement shows $65,549 on deposit in the bank. Determine the adjusted cash balance using the following information: Deposit in transit Outstanding checks Check printing fee, not yet recorded by company Interest earned on account, not yet recorded by the company The adjusted cash balance should be: Multiple Choice $72,049 $69,224 $62,724 $69,176 $6,500 $2,825 $ 33 $ 48
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A3456 1 2 4 Bank Statement Balance 5 Add 6 Deposit in Transit 7 Dedu... View the full answer
Related Book For
Fundamental Accounting Principles
ISBN: 978-0078110870
20th Edition
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
Posted Date:
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