-fishershop's bank statement for July shows a balance of $23,700 at July 31st. -Outstanding cheques at July...
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Question:
-fishershop's bank statement for July shows a balance of $23,700 at July 31st.
-Outstanding cheques at July 31st are $7,400
-A deposit of $3025 made on July 30th is in transit and had not cleared the bank by July 31st.
-An automatic payment for $7,400 was erroneously charged by the bank against your account while it belongs to another bank customer (bank error).
a) After preparing the bank reconciliation what is the adjusted Bank Statement balance at month end to reflect this information? $
b) After preparing the bank reconciliation what is the correct adjusted Cash balance in fishershop's books to reflect this information? $
Related Book For
Business Math
ISBN: 978-0133011203
10th edition
Authors: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble
Posted Date: