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. In an audit of Selena Company on December 31, 2013, the following information is gathered: Balance per book 6, 700, 000 Customer’s NSF check 200, 000 Depositor’s note charged to account 650, 000 Customer’s note collected by bank 120, 000 Outstanding checks 800, 000 Checkbook printing charge 2, 000 Certified checks included in the outstanding checks 100, 000 Deposit in transit 1, 200, 000 Interest earned on deposits net of 20% final tax 32, 000 The adjusted cash in bank of Selena Company on December 31, 2013 is a.6, 050, 000 b. 6, 000, 000 c. 6, 700, 000 d. 5, 300, 000

. In an audit of Selena Company on December 31, 2013, the following information is gathered: Balance per book 6, 700, 000 Customer’s NSF check 200, 000 Depositor’s note charged to account 650, 000 Customer’s note collected by bank 120, 000 Outstanding checks 800, 000 Checkbook printing charge 2, 000 Certified checks included in the outstanding checks 100, 000 Deposit in transit 1, 200, 000 Interest earned on deposits net of 20% final tax 32, 000 The adjusted cash in bank of Selena Company on December 31, 2013 is a.6, 050, 000 b. 6, 000, 000 c. 6, 700, 000 d. 5, 300, 000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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9. In an audit of Selena Company on December 31, 2013, the following information is gathered: Balance per book 6, 700, 000 Customer’s NSF check 200, 000 Depositor’s note charged to account 650, 000 Customer’s note collected by bank 120, 000 Outstanding checks 800, 000 Checkbook printing charge 2, 000 Certified checks included in the outstanding checks 100, 000 Deposit in transit 1, 200, 000 Interest earned on deposits net of 20% final tax 32, 000 The adjusted cash in bank of Selena Company on December 31, 2013 is a.6, 050, 000 b. 6, 000, 000 c. 6, 700, 000 d. 5, 300, 000
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