Grant Company gathered the following reconciling information in preparing its July bank reconciliation. Cash balance per books, 7/31 = $4,500 Deposits-in-transit = $150 Notes receivable and interest collected by bank = $850 Bank charge for check printing = $20 Outstanding checks = $2,000 NSF check = $170 What is the adjusted cash balance per books on July 31?
Grant Company gathered the following reconciling information in preparing its July bank reconciliation. Cash balance per books, 7/31 = $4,500 Deposits-in-transit = $150 Notes receivable and interest collected by bank = $850 Bank charge for check printing = $20 Outstanding checks = $2,000 NSF check = $170 What is the adjusted cash balance per books on July 31?
Chapter8: Fraud, Internal Controls, And Cash
Section: Chapter Questions
Problem 9EA: Using the following information, prepare a bank reconciliation. Bank balance: $4,587 Book balance:...
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![Grant Company gathered the following reconciling
information in preparing its July bank reconciliation.
Cash balance per books, 7/31 = $4,500
Deposits-in-transit = $150
Notes receivable and interest collected by bank = $850
Bank charge for check printing = $20
Outstanding checks = $2,000
NSF check = $170
What is the adjusted cash balance per books on July 31?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F891f64b0-6a8e-43e8-ab66-7e96f865807a%2F066d56a0-aba9-44ca-904e-0ad72282c65d%2Fxabe0s_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Grant Company gathered the following reconciling
information in preparing its July bank reconciliation.
Cash balance per books, 7/31 = $4,500
Deposits-in-transit = $150
Notes receivable and interest collected by bank = $850
Bank charge for check printing = $20
Outstanding checks = $2,000
NSF check = $170
What is the adjusted cash balance per books on July 31?
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