Crane company gathered the following reconciling information in preparing its June bank reconciliation: Cash balance per books, 6/30 $15400 Deposits in transit 1100 Notes receivable and interest collected by bank 2710 Bank charge for check printing 90 Outstanding checks 5500 NSF check 510 The adjusted cash balance per books on June 30 is O $18610. O $17510. O $18530. $18110.

Crane company gathered the following reconciling information in preparing its June bank reconciliation: Cash balance per books, 6/30 $15400 Deposits in transit 1100 Notes receivable and interest collected by bank 2710 Bank charge for check printing 90 Outstanding checks 5500 NSF check 510 The adjusted cash balance per books on June 30 is O $18610. O $17510. O $18530. $18110.

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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Duke Company's unadjusted bank balance at March 31 is $3,850. The bank reconciliation revealed outstanding checks amounting to $580 and deposits in transit of $460. What is the true cash balance? Multiple Choice $3,730 $3,530 $3,930 $4,230
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