Question: Please answer the question in it's entirety, I will rate thank you! Rachel Sells is unable to reconcile the bank balance at January 31. Rachel's

Please answer the question in it's entirety, I will rate thank you!

Please answer the question in it's entirety, I will rate thank you!

Rachel Sells is unable to reconcile the bank balance at January 31.

Rachel Sells is unable to reconcile the bank balance at January 31. Rachel's reconciliation is shown here. Cash balance per bank $4,557.20 Add: NSF check 620.00 53.00 Less: Bank service charge $5,124.20 Adjusted balance per bank Cash balance per books $4,855.20 Less: Deposits in transit 565.00 Add: Outstanding checks 940.00 Adjusted balance per books $5,230.20 (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 (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 s

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!