Homework Help is Here – Start Your Trial Now!
Business
Accounting
In preparing the August 31, 2021 bank reconciliation, Apex Company provided the following information: Balance per bank statement Deposit in transit Retum of customer's check for insufficient fund 1,805,000 325,000 60,000 275,000 10,000 Outstanding checks Bank service charge for August What is the adjusted cash in bank, August 31, 2021?

In preparing the August 31, 2021 bank reconciliation, Apex Company provided the following information: Balance per bank statement Deposit in transit Retum of customer's check for insufficient fund 1,805,000 325,000 60,000 275,000 10,000 Outstanding checks Bank service charge for August What is the adjusted cash in bank, August 31, 2021?

College Accounting (Book Only): A Career Approach
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter6: Bank Accounts, Cash Funds, And Internal Controls
Section: Chapter Questions
Problem 5DQ
See similar textbooks
icon
Related questions
Question
In preparing the August 31, 2021 bank reconciliation, Apex Company provided the following information: Balance per bank statement Deposit in transit Return of customer's check for insufficient fund Outstanding checks Bank service charge for August 1,805,000 325,000 60,000 275,000 10,000 What is the adjusted cash in bank, August 31, 2021?
Transcribed Image Text:In preparing the August 31, 2021 bank reconciliation, Apex Company provided the following information: Balance per bank statement Deposit in transit Return of customer's check for insufficient fund Outstanding checks Bank service charge for August 1,805,000 325,000 60,000 275,000 10,000 What is the adjusted cash in bank, August 31, 2021?
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

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
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
College Accounting, Chapters 1-27
College Accounting, Chapters 1-27
Accounting
ISBN:
9781337794756
Author:
HEINTZ, James A.
Publisher:
Cengage Learning,
Principles of Accounting Volume 1
Principles of Accounting Volume 1
Accounting
ISBN:
9781947172685
Author:
OpenStax
Publisher:
OpenStax College
Century 21 Accounting Multicolumn Journal
Century 21 Accounting Multicolumn Journal
Accounting
ISBN:
9781337679503
Author:
Gilbertson
Publisher:
Cengage
Financial Accounting: The Impact on Decision Make…
Financial Accounting: The Impact on Decision Make…
Accounting
ISBN:
9781305654174
Author:
Gary A. Porter, Curtis L. Norton
Publisher:
Cengage Learning
Auditing: A Risk Based-Approach (MindTap Course L…
Auditing: A Risk Based-Approach (MindTap Course L…
Accounting
ISBN:
9781337619455
Author:
Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:
Cengage Learning
SEE MORE TEXTBOOKS