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Home Q & A Board Other Fields Homework Help Business Accounting
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majestico majestico
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7 years ago
The May bank statement for Legal Services shows a balance of $6,000, but the balance per books shows a cash balance of $7,680. Other information includes:
1. A check for $200 to pay the electric bill was recorded on the books as $20.
2. Included on the bank statement was a note collected by the bank for $400 plus interest of $30
3. Checks outstanding totaled $260.
4. Bank service charges were $50.
5. Deposits in transit were $2,140.

The adjusted cash balance at the end of May should be:
A) $7,880.
B) $9,810.
C) $7,150.
D) $7,620.
Textbook 
College Accounting: A Practical Approach

College Accounting: A Practical Approach


Edition: 13th
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LaffioLaffio
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7 years ago
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majestico Author
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7 years ago
Thank you, thank you, thank you!
lolaww
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Yesterday
Thanks
DragonHeart
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2 hours ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
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