Max. score: 1.00 Mumford Corporation's bank statement showed a balance of $22,000 on December 31 (but before preparing a bank reconciliation). The company's cash account in the general ledger showed a balance of $21,749 on the same date. The only reconciling Items consisted of: 1) A $5,000 deposit in transit 2) A bank service charge of $200 3) Outstanding checks totaling $9,000 4) A $3,000 check marked "NSF from Matthew Company, one of Mumford's customers. 5) A check written for office supplies in the amount of $1,832 and recorded by the company's bookkeeper as a debit to office supplies of $1,283 and credit to cash of $1,283. The amount of adjusted cash balance is: $22,479 до $13,569 11 12 $14,779 13 14 14 $18,000 15

Max. score: 1.00 Mumford Corporation's bank statement showed a balance of $22,000 on December 31 (but before preparing a bank reconciliation). The company's cash account in the general ledger showed a balance of $21,749 on the same date. The only reconciling Items consisted of: 1) A $5,000 deposit in transit 2) A bank service charge of $200 3) Outstanding checks totaling $9,000 4) A $3,000 check marked "NSF from Matthew Company, one of Mumford's customers. 5) A check written for office supplies in the amount of $1,832 and recorded by the company's bookkeeper as a debit to office supplies of $1,283 and credit to cash of $1,283. The amount of adjusted cash balance is: $22,479 до $13,569 11 12 $14,779 13 14 14 $18,000 15

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter6: Bank Accounts, Cash Funds, And Internal Controls

Section: Chapter Questions

Problem 5E

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Similar questions

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