In preparing the August 31, 2021 bank reconciliation, Apex Company provided the following information: Balance per bank statement Deposit in transit Retum of customer's check for insufficient fund 1,805,000 325,000 60,000 275,000 10,000 Outstanding checks Bank service charge for August What is the adjusted cash in bank, August 31, 2021?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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In preparing the August 31, 2021 bank reconciliation, Apex Company provided the following information:
Balance per bank statement
Deposit in transit
Return of customer's check for insufficient fund
Outstanding checks
Bank service charge for August
1,805,000
325,000
60,000
275,000
10,000
What is the adjusted cash in bank, August 31, 2021?
Transcribed Image Text:In preparing the August 31, 2021 bank reconciliation, Apex Company provided the following information: Balance per bank statement Deposit in transit Return of customer's check for insufficient fund Outstanding checks Bank service charge for August 1,805,000 325,000 60,000 275,000 10,000 What is the adjusted cash in bank, August 31, 2021?
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