1. On the back of Elise's monthly statement, she listed the following outstanding withdrawal #123, $76.09 ; # 117, $400; # 130, $560.25; debit card, $340.50; and #138, $83.71. She also determined that a deposit for $500 and another for $328.90 are outstanding. Using these outstanding transactions, what adjustment will have to be made to her statement balance

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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1. On the back of Elise's monthly statement, she listed the following outstanding withdrawal
#123, $76.09 ; # 117, $400 ; # 130, $560.25; debit card, $340.50; and #138, $83.71. She also
determined that a deposit for $500 and another for $328.90 are outstanding. Using these
outstanding transactions, what adjustment will have to be made to her statement balance
Transcribed Image Text:cercises 1. On the back of Elise's monthly statement, she listed the following outstanding withdrawal #123, $76.09 ; # 117, $400 ; # 130, $560.25; debit card, $340.50; and #138, $83.71. She also determined that a deposit for $500 and another for $328.90 are outstanding. Using these outstanding transactions, what adjustment will have to be made to her statement balance
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