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Crescent Enterprises has a Cash account showing an ending balance of $6,420. Reconciling items include: • . A bookkeeper error of $150 (a $950 check was recorded as $1,100) Two outstanding checks totaling $960 • A bank service charge of $35 • A deposit in transit of $310 Interest revenue of $52 What is the adjusted book balance?

Crescent Enterprises has a Cash account showing an ending balance of $6,420. Reconciling items include: • . A bookkeeper error of $150 (a $950 check was recorded as $1,100) Two outstanding checks totaling $960 • A bank service charge of $35 • A deposit in transit of $310 Interest revenue of $52 What is the adjusted book balance?

College Accounting (Book Only): A Career Approach
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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What is the adjusted book Balance?

Crescent Enterprises has a Cash account showing an ending balance of $6,420. Reconciling items include: • . A bookkeeper error of $150 (a $950 check was recorded as $1,100) Two outstanding checks totaling $960 • A bank service charge of $35 • A deposit in transit of $310 Interest revenue of $52 What is the adjusted book balance?
Transcribed Image Text:Crescent Enterprises has a Cash account showing an ending balance of $6,420. Reconciling items include: • . A bookkeeper error of $150 (a $950 check was recorded as $1,100) Two outstanding checks totaling $960 • A bank service charge of $35 • A deposit in transit of $310 Interest revenue of $52 What is the adjusted book balance?
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