Erroneous debit memo of December 28, to charge Sam account with settlement of bank loan Deposit...

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Erroneous debit memo of December 28, to charge Sam account with settlement of bank loan Deposit of Sim Company credited to Sam account b. 3,925,000 c. 3,075,000 What amount should be reported as adjusted cash in bank on December 31? a. 4,315,000 d. 4,015,000 Balance per book Add: Proceeds of bank loan Customer note collected Total Less: Service charge Customer check charged back 940,000 435,000 10,000 200,000 50,000 300,000 2,700,000 1,375,000 4,075,000 60,000 Erroneous debit memo of December 28, to charge Sam account with settlement of bank loan Deposit of Sim Company credited to Sam account b. 3,925,000 c. 3,075,000 What amount should be reported as adjusted cash in bank on December 31? a. 4,315,000 d. 4,015,000 Balance per book Add: Proceeds of bank loan Customer note collected Total Less: Service charge Customer check charged back 940,000 435,000 10,000 200,000 50,000 300,000 2,700,000 1,375,000 4,075,000 60,000

Answer rating: 100% (QA)

The correct answer is a 4315000 Heres the breakdown of the adjus... View the full answer