Jamison Company gathered the following reconciling information in preparing its June bank reconciliation:Cash balance per bank, 6/30$11,755Note receivable collected by bank5,140Outstanding checks7,655Deposits-in-transit4,164Bank service charge65NSF check1,500Using the above information, determine the cash balance per books (before adjustments) for Jamison Company.a.$4,689b.$15,330c.$11,839d.$8,264

Some of the reasons of mismatching the balance of the pass book with the company book are: Errors…

Answered: Jamison Company gathered the following…

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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Jamison Company gathered the following reconciling information in preparing its June bank reconciliation:

Cash balance per bank, 6/30	$11,755
Note receivable collected by bank	5,140
Outstanding checks	7,655
Deposits-in-transit	4,164
Bank service charge	65
NSF check	1,500

Using the above information, determine the cash balance per books (before adjustments) for Jamison Company.

a.$4,689

b.$15,330

c.$11,839

d.$8,264

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