Homework Help is Here – Start Your Trial Now!
Business
Accounting
At July 31, Vaughn Company has the following bank information: cash balance per bank $8,240, outstanding checks $752, deposits in transit $1,301, and a bank service charge $28. Determine the adjusted cash balance per the bank at July 31. Adjusted cash balance per bank   $

At July 31, Vaughn Company has the following bank information: cash balance per bank $8,240, outstanding checks $752, deposits in transit $1,301, and a bank service charge $28. Determine the adjusted cash balance per the bank at July 31. Adjusted cash balance per bank   $

Financial Accounting
Financial Accounting
15th Edition
ISBN:9781337272124
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter8: Internal Control And Cash
Section: Chapter Questions
Problem 21E
See similar textbooks
icon
Related questions
Question

At July 31, Vaughn Company has the following bank information: cash balance per bank $8,240, outstanding checks $752, deposits in transit $1,301, and a bank service charge $28.

Determine the adjusted cash balance per the bank at July 31.

Adjusted cash balance per bank  
$ 
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 1 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Bank reconciliation statement
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Financial Accounting
Financial Accounting
Accounting
ISBN:
9781337272124
Author:
Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:
Cengage Learning
Principles of Accounting Volume 1
Principles of Accounting Volume 1
Accounting
ISBN:
9781947172685
Author:
OpenStax
Publisher:
OpenStax College
Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
Accounting
ISBN:
9781305961883
Author:
Carl Warren
Publisher:
Cengage Learning
College Accounting (Book Only): A Career Approach
College Accounting (Book Only): A Career Approach
Accounting
ISBN:
9781305084087
Author:
Cathy J. Scott
Publisher:
Cengage Learning
Financial Accounting
Financial Accounting
Accounting
ISBN:
9781305088436
Author:
Carl Warren, Jim Reeve, Jonathan Duchac
Publisher:
Cengage Learning
College Accounting (Book Only): A Career Approach
College Accounting (Book Only): A Career Approach
Accounting
ISBN:
9781337280570
Author:
Scott, Cathy J.
Publisher:
South-Western College Pub
SEE MORE TEXTBOOKS