At June 30, Almond Co.'s cash balance was $10,012 before adjustments, while its ending bank statement balance was $10,772. Check number 101 was issued June 2 in the amount of $95, but was erroneously recorded in Almond's general ledger balance as $59. The check was correctly listed in the bank statement at $95. The bank statement also included a credit memo for interest earned in the amount of $35, and a debit memo for monthly service charges in the amount of $50. What was Almond's adjusted cash balance at June 30? A. $9,598 O B. $9,961 OC. $10,048 OD. $10,462
At June 30, Almond Co.'s cash balance was $10,012 before adjustments, while its ending bank statement balance was $10,772. Check number 101 was issued June 2 in the amount of $95, but was erroneously recorded in Almond's general ledger balance as $59. The check was correctly listed in the bank statement at $95. The bank statement also included a credit memo for interest earned in the amount of $35, and a debit memo for monthly service charges in the amount of $50. What was Almond's adjusted cash balance at June 30? A. $9,598 O B. $9,961 OC. $10,048 OD. $10,462
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter6: Bank Accounts, Cash Funds, And Internal Controls
Section: Chapter Questions
Problem 5E
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![At June 30, Almond Co.'s cash balance was $10,012 before adjustments, while its ending bank statement balance was $10,772.
Check number 101 was issued June 2 in the amount of $95, but was erroneously recorded in Almond's general ledger balance as
$59. The check was correctly listed in the bank statement at $95. The bank statement also included a credit memo for interest
earned in the amount of $35, and a debit memo for monthly service charges in the amount of $50. What was Almond's adjusted
cash balance at June 30?
O A. $9,598
O B. $9,961
C. $10,048
D. $10,462
O](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb820865e-2a52-4cf9-9840-d339e43919c3%2F766d5c9a-f689-4efa-8045-f6be519569cb%2Fjrzrz9_processed.jpeg&w=3840&q=75)
Transcribed Image Text:At June 30, Almond Co.'s cash balance was $10,012 before adjustments, while its ending bank statement balance was $10,772.
Check number 101 was issued June 2 in the amount of $95, but was erroneously recorded in Almond's general ledger balance as
$59. The check was correctly listed in the bank statement at $95. The bank statement also included a credit memo for interest
earned in the amount of $35, and a debit memo for monthly service charges in the amount of $50. What was Almond's adjusted
cash balance at June 30?
O A. $9,598
O B. $9,961
C. $10,048
D. $10,462
O
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