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

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

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
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In preparing the bank reconciliation for the month of August, Alex Company provided the following information: Balance per bank statement Deposit in transit Return of customer 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?
Transcribed Image Text:In preparing the bank reconciliation for the month of August, Alex Company provided the following information: Balance per bank statement Deposit in transit Return of customer 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?
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