Sauls Company gathered the following reconciling information in preparing its December 31, 2022 bank reconciliation: Cash...

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Sauls Company gathered the following reconciling information in preparing its December 31, 2022 bank reconciliation: Cash balance per books, 12/31 Deposits in transit $10,600 1,300 Notes receivable and interest collected by bank 3,060 Bank charge for check printing Outstanding checks NSF check 35 6,000 1,420 Prepare the required adjustments for Sauls Company assuming that no interest been accrued on the note: (Use "+" for amounts increased, e.g. +2 and use "-" for amounts decreased e.g. -2. Enter O for fields with no amounts.). Bal. Dec. 31 $ $ Cash 10,600 Assets + Accounts/ Notes Rec. $ $ Liabilities Accounts Payable + Common Stock + 3,000 $ $ $ Stockholders' Equity Revenue $ Expense $ $ $ $ $ $ $ Sauls Company gathered the following reconciling information in preparing its December 31, 2022 bank reconciliation: Cash balance per books, 12/31 Deposits in transit $10,600 1,300 Notes receivable and interest collected by bank 3,060 Bank charge for check printing Outstanding checks NSF check 35 6,000 1,420 Prepare the required adjustments for Sauls Company assuming that no interest been accrued on the note: (Use "+" for amounts increased, e.g. +2 and use "-" for amounts decreased e.g. -2. Enter O for fields with no amounts.). Bal. Dec. 31 $ $ Cash 10,600 Assets + Accounts/ Notes Rec. $ $ Liabilities Accounts Payable + Common Stock + 3,000 $ $ $ Stockholders' Equity Revenue $ Expense $ $ $ $ $ $ $

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1 Cash balance per books 10500 2 Deposits in transi... View the full answer