25 ) Cash balance per books, September 30$5,300510Deposits in transitNotes receivable with interest collected by bank580Bank service charges70Outstanding cheques1,800NSF cheque150The adjusted cash balance per books on September 30 is1) $5,700.002) $5,660.003) $6,210.004) $5,810.00

Introduction: Bank reconciliation statement: To reconcile the differences between bank book balance…

Answered: Cash balance per books, September 30…

Cash balance per books, September 30 Deposits in transit Notes receivable with interest collected by bank Bank service charges Outstanding cheques NSF cheque $5,300 510 580 70 1,800 150

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter8: Fraud, Internal Controls, And Cash

Section: Chapter Questions

Problem 6EA: The bank reconciliation shows the following adjustments: Deposits in transit: $852 Notes...

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Concept explainers

Market Efficiency

Market efficiency refers to the market's ability to provide investors with all available information about investment options for buying and selling securities. Market efficiency reflects the true value of securities without undervaluing or overvaluing them. When the quality and quantity of information increase, the market becomes more efficient, allowing it to reduce arbitrage and obtain higher market returns from investment. In a well-functioning market, everyone receives all information completely and immediately at no cost. It opens up a plethora of opportunities for investors to access various investment options.

Question

25 )

Cash balance per books, September 30
$5,300
510
Deposits in transit
Notes receivable with interest collected by bank
580
Bank service charges
70
Outstanding cheques
1,800
NSF cheque
150
The adjusted cash balance per books on September 30 is
1) $5,700.00
2) $5,660.00
3) $6,210.00
4) $5,810.00

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