In preparing the bank reconciliation for the month of December, Nano Company provided the following data: Balance per bank statement 5,200,000 Deposit in transit 620,000 Amount erroneously credited by the bank To Nano’s account 20,000 Bank service charge for December 10,000 NSF check 40,000 Outstanding checks 800,000 What is the unadjusted cash in bank balance per book?
In preparing the bank reconciliation for the month of December, Nano Company provided the following data: Balance per bank statement 5,200,000 Deposit in transit 620,000 Amount erroneously credited by the bank To Nano’s account 20,000 Bank service charge for December 10,000 NSF check 40,000 Outstanding checks 800,000 What is the unadjusted cash in bank balance per book?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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In preparing the bank reconciliation for the month of December, Nano Company provided the following data:
Balance per bank statement 5,200,000
Deposit in transit 620,000
Amount erroneously credited by the bank To Nano’s account 20,000
Bank service charge for December 10,000
NSF check 40,000
Outstanding checks 800,000
What is the unadjusted cash in bank balance per book?
Balance per bank statement 5,200,000
Deposit in transit 620,000
Amount erroneously credited by the bank To Nano’s account 20,000
Bank service charge for December 10,000
NSF check 40,000
Outstanding checks 800,000
What is the unadjusted cash in bank balance per book?
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The correct answer is: 5,070,000
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