7 The Paue14. Given: Bank ending balance of 6250, deposits in transif of 560, outstanding checks of340, book ending balance of 5028, dividend revenuc of 550, a company cost of 470,interest revenue of 622, service charge of 29, NSF of 29, and an EFT payment of 142.What is the correct cash balance? HINT: company cost is added on the book side.BookBankEnding BalanceEnding Balance2$Dividend RevenueDeposits in TransitCompany CostOutstanding ChecksInterest RevenueAdjusted BalanceService ChargeNSFEFT PaymentAdjusted BalanceKennedy CottonACCT 2010 SL SILeaderEmail: kennedy .cotton@unt.edu15. Hannah Corp.'s ending cash balance is S1000 before adjusting items. The onlyadjustments were:S50 service chargeNSF check for $350S450 deposit in transitOutstanding Check totaling S850What was Hannah's unadjusted bank balance on the bank statement?Hint: Cash and Bank have to = each otherBankCASHEnding BalanceEnding Balance$? (what we are finding)Deposits in TransitService ChargeOutstanding ChecksNSFAdjusted BalanceAdjusted Balance

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14. Given: Bank ending balance of 6250, deposits in transil of 560, outstanding checks of 340, book ending balance of 5028, dividend revenue of 550, a company cost of 470, interest revenue of 622, service charge of 29, NSF of 29, and an EFT payment of 142 What is the correct cash balance? HINT: company cost is added on the book side. Book Bank Ending Balance Ending Balance Dividend Revenue Deposits in Transit Company Cost Outstanding Checks Interest Revenue Adjusted Balance Service Charge NSF EFT Payment Adjusted Balance

14. Given: Bank ending balance of 6250, deposits in transil of 560, outstanding checks of 340, book ending balance of 5028, dividend revenue of 550, a company cost of 470, interest revenue of 622, service charge of 29, NSF of 29, and an EFT payment of 142 What is the correct cash balance? HINT: company cost is added on the book side. Book Bank Ending Balance Ending Balance Dividend Revenue Deposits in Transit Company Cost Outstanding Checks Interest Revenue Adjusted Balance Service Charge NSF EFT Payment Adjusted Balance

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter4: The Adjustment Process

Section: Chapter Questions

Problem 2PB: To demonstrate the difference between cash account activity and accrual basis profits (net income),...

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