New Store has the following information at August 31: Two deposits made on August 31...
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New Store has the following information at August 31: • Two deposits made on August 31 were not on the bank statement, totaling $5,600. • The bank collected an EFT payment on a note receivable for $2,750. Of this amount, $150 represented interest on the note. August 31 balance in Cash was $12,807. • The bookkeeper forgot to record check #1578 for $843 which was cashed by the bank on August 15th. The balance on the bank statement as of August 21 was $11 300 THE DOURneuportvigui in Tovun UNOURI TOT VI PUTO WHICH was casnice by the vann Un Muyuul The balance on the bank statement as of August 31 was $11,300. A check printing service fee of $40 was shown on the bank statement. ● A NSF check of $100. • Checks #1572, 1606, and 1548, totaling $2,326, were not shown on the bank statement, even though the company had sent the checks. What is the adjusted bank balance at August 31? ● TSET. A. $16,760 B. $16,081 C. $14,574 D. $13,910 New Store has the following information at August 31: • Two deposits made on August 31 were not on the bank statement, totaling $5,600. • The bank collected an EFT payment on a note receivable for $2,750. Of this amount, $150 represented interest on the note. August 31 balance in Cash was $12,807. • The bookkeeper forgot to record check #1578 for $843 which was cashed by the bank on August 15th. The balance on the bank statement as of August 21 was $11 300 THE DOURneuportvigui in Tovun UNOURI TOT VI PUTO WHICH was casnice by the vann Un Muyuul The balance on the bank statement as of August 31 was $11,300. A check printing service fee of $40 was shown on the bank statement. ● A NSF check of $100. • Checks #1572, 1606, and 1548, totaling $2,326, were not shown on the bank statement, even though the company had sent the checks. What is the adjusted bank balance at August 31? ● TSET. A. $16,760 B. $16,081 C. $14,574 D. $13,910
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Answer C 14574 Bank balance as per cash book as at August 3... View the full answer
Related Book For
Financial and Managerial Accounting the basis for business decisions
ISBN: 978-0078111044
16th edition
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
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