ASSETS Date Cash + Accts Rec+ Supp + LIABILITIES Accts Pay + Interest Pay Capital + + + OWNER'S EQUITY Related Rev Exp Exp only

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter8: Current And Contingent Liabilities
Section: Chapter Questions
Problem 17MCQ
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Prepare a tabular analysis for any adjustments required to reach the adjusted cash balance per books. Be sure to include dates and explanations for any revenues or expenses. Use the 
provided templates to complete your work.
 Book Balance $28,600
 Bank Balance $32,545
 Deposits in transit $3,400
 Outstanding checks $5,000, $1,800 and $975
 Bank charges $35
 Interest earned $55
 Health insurance auto-draft $450

ASSETS
Date Cash + Accts Rec+ Supp
+
LIABILITIES
Accts Pay +
Interest Pay
Capital
+
+
+
OWNER'S EQUITY
Related
Rev Exp
Exp
only
Transcribed Image Text:ASSETS Date Cash + Accts Rec+ Supp + LIABILITIES Accts Pay + Interest Pay Capital + + + OWNER'S EQUITY Related Rev Exp Exp only
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