Less: Bank service charge Adjusted balance per bank Cash balance per books Less: Deposits in transit Add: Outstanding checks Adjusted balance per books (a) 32.00 $4,458.20 $4,355.20 770.00 937.00 $4,522.20 What is the proper adjusted cash balance per bank? (List items that increase cash balance first. Round answers to 2 decimal places, e.g. 52.75.)

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
Question

Do not give solution in image 

Tamarisk Sells is unable to reconcile the bank balance at January 31. Tamarisk's reconciliation is shown here.
Cash balance per bank
Add: NSF check
Less: Bank service charge
Adjusted balance per bank
Cash balance per books
Less: Deposits in transit
Add: Outstanding checks
Adjusted balance per books
(a)
$4,040.20
450.00
32.00
$4,458.20
$4,355.20
770.00
937.00
$4,522.20
What is the proper adjusted cash balance per bank? (List items that increase cash balance first. Round answers to 2 decimal
places, e.g. 52.75.)
Transcribed Image Text:Tamarisk Sells is unable to reconcile the bank balance at January 31. Tamarisk's reconciliation is shown here. Cash balance per bank Add: NSF check Less: Bank service charge Adjusted balance per bank Cash balance per books Less: Deposits in transit Add: Outstanding checks Adjusted balance per books (a) $4,040.20 450.00 32.00 $4,458.20 $4,355.20 770.00 937.00 $4,522.20 What is the proper adjusted cash balance per bank? (List items that increase cash balance first. Round answers to 2 decimal places, e.g. 52.75.)
(a)
What is the proper adjusted cash balance per bank? (List items that increase cash balance first. Round answers to 2 decimal
places, e.g. 52.75.)
Tamarisk
Bank Reconciliation
January 31
For the Year Ended January 31
For the Month Ended January 31
$
Transcribed Image Text:(a) What is the proper adjusted cash balance per bank? (List items that increase cash balance first. Round answers to 2 decimal places, e.g. 52.75.) Tamarisk Bank Reconciliation January 31 For the Year Ended January 31 For the Month Ended January 31 $
Expert Solution
steps

Step by step

Solved in 3 steps

Blurred answer
Knowledge Booster
Bank reconciliation statement
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education