Ef 256. Helen Sells is unable to reconcile the bank balance at January 31. Helen's reconciliation is shown here.Cash balance per bankAdd: NSF checkLess: Bank service chargeAdjusted balance per bankCash balance per booksLess: Deposits in transitAdd: Outstanding checks•Adjusted balance per books$4,297.20595.00$4,840.70Jan. 3151.50Jan. 31$4,595.20(a) What is the proper adjusted cash balance per bank? (Round answers to 2 decimal places, e.g. 52.75.)(To record NSF check)The proper adjusted cash balance per bank $566.50Date Account Titles and Explanation915.00$4.943.70(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 $[To record bank service charge)(c) Prepare the adjusting journal entries necessary to determine the adjusted cash balance per books. (Round answers to 2 decimalplaces, e.g. 52.75. Credit account titles are automatically indented when amount is entered. Do not indent manually)3948.70DebitCredit

Bank Reconciliation Statement :— It is the statement that reconcile balance as per bank with balance…

Helen Sells is unable to reconcile the bank balance at January 31. Helen'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 $4,297.20 595.00 51.50 $4,840.70 $4,595.20 566.50 915.00 $4.943.70 (a) What is the proper adjusted cash balance per bank? (Round answers to 2 decimal places, e.g. 52.75.) The proper adjusted cash balance per bank 3948.70 (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 $

Helen Sells is unable to reconcile the bank balance at January 31. Helen'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 $4,297.20 595.00 51.50 $4,840.70 $4,595.20 566.50 915.00 $4.943.70 (a) What is the proper adjusted cash balance per bank? (Round answers to 2 decimal places, e.g. 52.75.) The proper adjusted cash balance per bank 3948.70 (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 $

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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