In the process of reconciling its bank statement for January, Maxi's Clothing's accountant compiles the following information:   Cash balance per company books on January 30 $ 6,825 Deposits in transit at month-end $ 2,220 Outstanding checks at month-end $ 730 Bank service charges $ 46 An NSF check returned on a customer account $ 800 The adjusted cash balance per the books on January 31 is:

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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In the process of reconciling its bank statement for January, Maxi's Clothing's accountant compiles the following information:
 

Cash balance per company books on January 30 $ 6,825
Deposits in transit at month-end $ 2,220
Outstanding checks at month-end $ 730
Bank service charges $ 46
An NSF check returned on a customer account $ 800


The adjusted cash balance per the books on January 31 is:

 

Multiple Choice
  •  

    $7,724

  •  

    $6,994

  •  

    $5,979

  •  

    $6,663

  •  

    $7,196

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