3. Calculate the adjusted company book cash balance from the following information: On July 31st , after all transactions have been recorded, the balance in the company's Cash account has a balance of $27,202. A credit memo included with the bank statement indicates that the bank collected $770 on a note receivable. A debit memo included with the bank statement shows a $67 NSF check from a customer ,Noora. Examination of the checks on the bank statement with the entries in the accounting records reveals that check #3445 for the payment of an account payable was correctly written for $2,450, but was recorded in the accounting records as $2,540. Included with the bank statement was a debit memorandum in the amount of $25 for bank service charges. It has not been recorded on the company's books. *

3. Calculate the adjusted company book cash balance from the following information: On July 31st , after all transactions have been recorded, the balance in the company's Cash account has a balance of $27,202. A credit memo included with the bank statement indicates that the bank collected $770 on a note receivable. A debit memo included with the bank statement shows a $67 NSF check from a customer ,Noora. Examination of the checks on the bank statement with the entries in the accounting records reveals that check #3445 for the payment of an account payable was correctly written for $2,450, but was recorded in the accounting records as $2,540. Included with the bank statement was a debit memorandum in the amount of $25 for bank service charges. It has not been recorded on the company's books. *

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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