1. On the back of Casey's monthly statement, she listed the following outstanding withdrawals #1223, $36.09; #1216, $274; # 1232, $642.34; debit card, $175.26; and #1238, $92.74. She also determined that a deposit for $702 and the other for $384.12 are outstanding. Using these outstanding transactions, what adjustment will have to be made to her statement balance? Check number Transaction number D36109mh S4 1223 1216 1232 1338 36.09 274 642.34 92.74 Unit 175.26 274 642.34 92.74 175.26-1045.17=869.91

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
icon
Concept explainers
Question
I’m stuck… please help This is for financial mathematics
931.
1. On the back of Casey's monthly statement, she listed the following outstanding withdrawals
#1223, $36.09; #1216, $274; # 1232, $642.34; debit card, $175.26; and #1238, $92.74. She also
determined that a deposit for $702 and the other for $384.12 are outstanding. Using these
outstanding transactions, what adjustment will have to be made to her statement balance?
Check number Transaction number D36109mh
S4
1223
1216
1232
1338
36.09
274
642.34
92.74
175.26
tiun
274
642.34
92.74
175.26-1045:17=869.91
Transcribed Image Text:931. 1. On the back of Casey's monthly statement, she listed the following outstanding withdrawals #1223, $36.09; #1216, $274; # 1232, $642.34; debit card, $175.26; and #1238, $92.74. She also determined that a deposit for $702 and the other for $384.12 are outstanding. Using these outstanding transactions, what adjustment will have to be made to her statement balance? Check number Transaction number D36109mh S4 1223 1216 1232 1338 36.09 274 642.34 92.74 175.26 tiun 274 642.34 92.74 175.26-1045:17=869.91
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 5 steps

Blurred answer
Knowledge Booster
Receivables Management
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education