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:

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A: IntroductionWhile preparing Bank reconciliation we have to identify the transactions not recorded…

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Q: In the process of reconciling its bank statement for January, Maxi's Clothing's accountant compiles…

A: A bank reconciliation statement is prepared by the management to match the company's cash balance…

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A: In this scenario, we just need to pass the journal entries for expenses and income incurred by the…

Q: 2,032,000 1,890,000 1,440,000 180,000 80,000

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A:

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A: Solution:- Preparation of the necessary entries to adjust the balance of cash as follows under:-

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A: BRS is the reconciliation of Pass book balance and Cash book balance.

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Q: Compute the adjusted bank balance for the month of October. а. $10,520 b. $9,070 с. $9,085 d. $8,749

A: OPTION C IS THE ANSWER.

Bank Reconciliation Statement

As a commerce student, we all know that every business has to maintain a cash book to maintain all his cash and bank transactions. A cash book is a book which has two columns, one cash column and one bank column.