The advertising firm Rog & Co. had the following information available concerning its cash account for the

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The advertising firm Rog & Co. had the following information available concerning its cash account for the month of July:

Balance per Rog & Co. books, July 31 ..... $24,180.55

Outstanding checks .............5,440.29

NSF check from customer ........... 800.00

Note collected by bank ............1,600.00

Deposits in transit ...............4,960.58

Miscellaneous fees:

Charge for collection of note ......... 20.00

Order for checks ................ 62.50

Interest earned on bank account ....... 421.38

Calculate the true cash balance as of July 31.

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Financial Accounting: A Business Process Approach

ISBN: 978-0136115274

3rd edition

Authors: Jane L. Reimers

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Question Posted: Sep 01, 2014 12:30 PM

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The advertising firm Rog & Co. had the following information available concerning its cash account for the

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Financial Accounting: A Business Process Approach

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