Cara TrustBank’s financial records include a beginning cash balance of $128,000. During the period, deposits totaling $15,400 were outstanding, while checks amountingto $12,800 were still unpaid. Additionally, the bank applied a service charge of $180. Determine the adjusted bank balance based on these figures.

Cara TrustBank’s financial records include a beginning cash balance of $128,000. During the period, deposits totaling $15,400 were outstanding, while checks amountingto $12,800 were still unpaid. Additionally, the bank applied a service charge of $180. Determine the adjusted bank balance based on these figures.

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 3E

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The bank reconciliation revealed that one deposit had cleared the bank two weeks after the date of the deposit. Should this be of concern? Why, or why not?
Cara Trust Bank's financial records include a beginning cash balance of $128,000. During the period, deposits totaling $15,400 were outstanding, while checks amounting to $12,800 were still unpaid. Additionally, the bank applied a service charge of $180. Determine the adjusted bank balance based on these figures.
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