Hilltop Company's monthly bank statementshows a balance of $54,000. Reconciliationof the statement with company booksreveals the following information:Bank service charge.................. $ 10NSF Check.........650Checks outstanding...............1,500Deposits in transit...350What was the adjusted bank balance on thebank reconciliation?abсd$53,077$53,050$53,023$52,363

Ideally cash balance as per cashbook must reconcile with bank balance as per bank statement. Bank…

Hilltop Company's monthly bank statement shows a balance of $54,000. Reconciliation of the statement with company books reveals the following information: Bank service charge..….......... NSF Check.........…...... $ 10 650 Checks outstanding......... ..1,500 Deposits in transit............ ...... 350 What was the adjusted bank balance on the bank reconciliation? a b C $53,077 $53,050 $53,023

Hilltop Company's monthly bank statement shows a balance of $54,000. Reconciliation of the statement with company books reveals the following information: Bank service charge..….......... NSF Check.........…...... $ 10 650 Checks outstanding......... ..1,500 Deposits in transit............ ...... 350 What was the adjusted bank balance on the bank reconciliation? a b C $53,077 $53,050 $53,023

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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