Sally Rice is unable to reconcile the bank balance as of January 31. Here is Sally's reconciliation.

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Cash balance by bank $4,388.20

Plus: NSF check 483.00

Less: Bank service charge 41.28

Adjusted balance by bank $4,829.92

Cash balance by books $4,686.20

Less: Deposits in transit 576.72

Plus: Outstanding checks 803.00

Adjusted balance by books $4,912.48

Required

(a) Which Is the adjusted balance adequate cash balance per bank?

(b) What is the adjusted cash balance appropriated by books?

Related Book For answer-question

Fundamental Accounting Principles

ISBN: 978-1259536359

23rd edition

Authors: John Wild, Ken Shaw, Barbara Chiappett

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Posted Date: Jun 05, 2023 01:18 AM

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Sally Rice is unable to reconcile the bank balance as of January 31. Here is Sally's reconciliation.

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To determine the adjusted book cash balance and reconcile the bank statement we need to follow these ... View the full answer

Fundamental Accounting Principles

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