Dexter companies bank reconciliation shows an adjusted cash balance of $3,254.33. The following items also appear on the reconciliation: NSF check $110.50 Deposit in transit 332.10 Interest earned 65.42 Outstanding checks 560.55 Bank service charges 30.00 1. Determine the balance on the bank statement prior to adjustment. 2. Determine the balance on the books prior to the adjustment.
Dexter companies bank reconciliation shows an adjusted cash balance of $3,254.33. The following items also appear on the reconciliation: NSF check $110.50 Deposit in transit 332.10 Interest earned 65.42 Outstanding checks 560.55 Bank service charges 30.00 1. Determine the balance on the bank statement prior to adjustment. 2. Determine the balance on the books prior to the adjustment.
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter6: Cash And Internal Control
Section: Chapter Questions
Problem 6.4E
Related questions
Question
Exercise 6-4: Dexter companies bank reconciliation shows an adjusted cash balance of $3,254.33. The following items also appear on the reconciliation:
NSF check $110.50
Deposit in transit 332.10
Interest earned 65.42
Outstanding checks 560.55
Bank service charges 30.00
1. Determine the balance on the bank statement prior to adjustment.
2. Determine the balance on the books prior to the adjustment.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
Knowledge Booster
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: The Impact on Decision Make…
Accounting
ISBN:
9781305654174
Author:
Gary A. Porter, Curtis L. Norton
Publisher:
Cengage Learning
Cornerstones of Financial Accounting
Accounting
ISBN:
9781337690881
Author:
Jay Rich, Jeff Jones
Publisher:
Cengage Learning
Intermediate Accounting: Reporting And Analysis
Accounting
ISBN:
9781337788281
Author:
James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:
Cengage Learning
Financial Accounting: The Impact on Decision Make…
Accounting
ISBN:
9781305654174
Author:
Gary A. Porter, Curtis L. Norton
Publisher:
Cengage Learning
Cornerstones of Financial Accounting
Accounting
ISBN:
9781337690881
Author:
Jay Rich, Jeff Jones
Publisher:
Cengage Learning
Intermediate Accounting: Reporting And Analysis
Accounting
ISBN:
9781337788281
Author:
James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:
Cengage Learning
Corporate Financial Accounting
Accounting
ISBN:
9781305653535
Author:
Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:
Cengage Learning
Survey of Accounting (Accounting I)
Accounting
ISBN:
9781305961883
Author:
Carl Warren
Publisher:
Cengage Learning
Financial & Managerial Accounting
Accounting
ISBN:
9781285866307
Author:
Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:
Cengage Learning