Bill Murray Company Information Cash Balance from the Bank Statement (12/31) - $17,215.89 Cash Balance from the Books (12/31) – $15,321.00 NSF (bounced) check returned with bank statement $1,000.22 Note Collected by bank on Stevie Nicks' behalf $200.55 Interest on note also collected by bank for Stevie Nicks $20.66 Bank Service Charge $45 Outstanding Checks $4,000.10 Deposits in Transit $1,281.20 Given the above information, what is correct year-end cash balance does Bill Murray have in the financial statements after adjustments
Bill Murray Company Information
Cash Balance from the Bank Statement (12/31) - $17,215.89
Cash Balance from the Books (12/31) – $15,321.00
NSF (bounced) check returned with bank statement $1,000.22
Note Collected by bank on Stevie Nicks' behalf $200.55
Interest on note also collected by bank for Stevie Nicks $20.66
Bank Service Charge $45
Outstanding Checks $4,000.10
Deposits in Transit $1,281.20
Given the above information, what is correct year-end cash balance does Bill Murray have in the financial statements after adjustments
Trending now
This is a popular solution!
Step by step
Solved in 2 steps