Dorothy Sells is unable to reconcile the bank balance at January 31. Dorothy's reconciliation is shown here. Cash balance per bank Add: NSF check Less: Bank service charge Adjusted balance per bank Cash balance per books Less: Deposits in transit Add: Outstanding checks Adjusted balance per books $3,712.20 610.00 44.50 $4,277.70 $4,010.20 573.50 930.00 $4,366,70 (a) What is the proper adjusted cash balance per bank? (Round answers to 2 decimal places, eg. 52.75) The proper adjusted cash balance per bank S
Dorothy Sells is unable to reconcile the bank balance at January 31. Dorothy's reconciliation is shown here. Cash balance per bank Add: NSF check Less: Bank service charge Adjusted balance per bank Cash balance per books Less: Deposits in transit Add: Outstanding checks Adjusted balance per books $3,712.20 610.00 44.50 $4,277.70 $4,010.20 573.50 930.00 $4,366,70 (a) What is the proper adjusted cash balance per bank? (Round answers to 2 decimal places, eg. 52.75) The proper adjusted cash balance per bank S
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Dorothy Sells is unable to reconcile the bank balance at January 31. Dorothy's reconciliation is shown here.
Cash balance per bank
Add: NSF check
Less: Bank service charge
Adjusted balance per bank
Cash balance per books
Less: Deposits in transit
Add: Outstanding checks
Adjusted balance per books
$3,712.20
610.00
$4,277.70
44.50
$4,010.20
573.50
(a) What is the proper adjusted cash balance per bank? (Round answers to 2 decimal places, eg. 52.75)
Jan. 31
930.00
$4,366,70
The proper adjusted cash balance per bank $
(To record NSF check)
(b) What is the proper adjusted cash balance per books? (Round answers to 2 decimal places, e.g. 52.75.)
The proper adjusted cash balance per books $
The proper adjusted cash balance per books
(c) Prepare the adjusting journal entries necessary to determine the adjusted cash balance per books. (Round answers to 2 decimal
ploces, eg 52.75. Credit account tities are automatically indented when amount is entered. Do not indent manually. If no entry is required
select "No Entry" for the account titles and enter Ofor the amounts. List all debit entries before credit entries.
Date Account Titles and Explanation
Jan. 31
(To record bank service charge)
Debit
Credit
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