Question: Need b please Exercise 7-6 7] Your answer is partially correct. Try again. Rachel Sells is unable to reconcile the bank balance at January 31.

Need b please  Need b please Exercise 7-6 7] Your answer is partially correct.

Exercise 7-6 7] Your answer is partially correct. Try again. Rachel Sells is unable to reconcile the bank balance at January 31. Rachel's reconciliation is shown here. Cash balance per bank Add: NSF check Less: Bank service charge Adjusted balance per bank $3,997.20 470.00 43.50 $4,423.70 Cash balance per books Less: Deposits in transit Add: Outstanding checks Adjusted balance per books $4,295.20 574.50 790.00 $4,510.7 (a) What is the proper adjusted cash balance per bank? (Round answers to 2 decimal places, e.g. 52.75) The proper adjusted cash balance per bank $[ 3781.7 (b) What is the proper adjusted cash balance per books? (Round answers to 2 decimal places, e.g. 52.75.) The proper adjusted cash balance per books 4808.7

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!