Question: Please show how you got the answer... Exercise 7-6 Rachel Sells is unable to reconcile the bank balance at January 31. Rachel's reconciliation is shown

Please show how you got the answer...

Exercise 7-6 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 $4,212.20 650.00 52.50 $4,809.70 Cash balance per books Less: Deposits in transit Add: Outstanding checks Adjusted balance per books $4,510.20 565.50 970.00 $4,914.70 (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 1s

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!

Exercise 7-6 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...

Please solve this problem: Exercise 7-6 Rachel Sells is unable to reconcile the bank balance at January 31. Rachel's reconciliation is shown here Cash balance per bank $3,677.2 Add: NSF check 450...

Exercise 7-6 Rachel Sells is unable to reconcile the bank balance at January 31. Rachels reconciliation is shown here. Cash balance per bank $3,942.20 Add: NSF check 630.00 Less: Bank service charge...

PLEASE FILL IN ALL BLANKS! Exercise 7-6 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...

I need help with part C Exercise 7-6 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...

Exercise 7-6 Rachel Sells is unable to reconcile the bank balance at January 31. Rachel's reconciliation is shown here. Cash balance per bank $3,732.20Add: NSF check 485.00Less: Bank service charge...

The Cobblepot Aviary Tools and Supplies Company (CATS Co.) begins operations on December 1, 2014. On December 31, 2014 it concludes the fiscal year. CATS uses a perpetual LIFO inventory system and...

According to the theorem of superposition, the response (current) in a circuit is proportional to the stimulus (voltage) that causes it. This is true even if there are multiple sources in a circuit....

State X is selling tickets for a lottery it will conduct on May 2 . It announces that on May 1 at 1 2 : 0 0 noon it will cease to sell any tickets. At one minute before noon on that day, May 1 ,...

The first scenario will be a Verbal Judo scenario in which your scenario follows the standard Verbal Judo interaction: You need to ask somebody to modify their behavior either to do something or to...

9. Describe the characteristics of power.

5. The month of Ramadan, a month of fasting for Muslims, ends with which holiday? a. Eid ul-Fitr b. Allahu Akbar c. Takbir d. Abu Bakr

2. What is the name of the dish that features black-eyed peas and rice (although sometimes collards, ham hocks, stewed tomatoes, or other items) and is served in the South, especially on New Years...