The following information is needed to reconcile the cash balance for Discount Dry Cleaning, Inc. *A deposit of $5,700 is in transit. * Outstanding checks total $1,000. * The book balance is $6,400 at February 28, 2025. * The bookkeeper recorded a $1,500 check as $17,100 in payment of the current month's rent. * The bank balance at February 28, 2025 was $18,410. *A deposit of $500 was credited by the bank for $5,000. *A customer's check for $3,300 was returned for nonsufficient funds. * The bank service charge is $90. What was the adjusted book balance?
The following information is needed to reconcile the cash balance for Discount Dry Cleaning, Inc. *A deposit of $5,700 is in transit. * Outstanding checks total $1,000. * The book balance is $6,400 at February 28, 2025. * The bookkeeper recorded a $1,500 check as $17,100 in payment of the current month's rent. * The bank balance at February 28, 2025 was $18,410. *A deposit of $500 was credited by the bank for $5,000. *A customer's check for $3,300 was returned for nonsufficient funds. * The bank service charge is $90. What was the adjusted book balance?
Financial Accounting
14th Edition
ISBN:9781305088436
Author:Carl Warren, Jim Reeve, Jonathan Duchac
Publisher:Carl Warren, Jim Reeve, Jonathan Duchac
Chapter8: Sarbanes-oxley, Internal Control, And Cash
Section: Chapter Questions
Problem 18E
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