Long Branch Company's Cash account shows an ending balance of $660. The bank statement shows a $19
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Question:
Long Branch Company's Cash account shows an ending balance of $660. The bank statement shows a $19 service charge and an NSF check for $200. A $300 deposit is in transit, and outstanding checks total $340 What is Long Branch's adjusted cash balance?
A). $326.
B). $500.
C). $441.
D). $486.
Related Book For
Fundamentals of Financial Accounting
ISBN: 978-0078025914
5th edition
Authors: Fred Phillips, Robert Libby, Patricia Libby
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