On December 31, 2021 what is the adjusted cash in bank?In an audit of Danao Company on Dec. 31, 2021, the following data are gatheredBalance per book1, 091, 500Bank Charges4, 500Outstanding checks425, 000Deposit in transit350, 000Customer note collected by bank275, 000Interest on customer note25, 000152, 000160, 000Customer check returned NSFDepositor's note charged to accounta.) 1, 575, 000b.) 1, 075, 000с.) 1, 065, 000d.) 1, 325, 000

Answer - Adjusted Book Balance - A bank reconciliation is a schedule each company prepares to…

On December 31, 2021 what is the adjusted cash in bank? In an audit of Danao Company on Dec. 31, 2021, the following data are gathered Balance per book Bank Charges Outstanding checks 1, 091, 500 4, 500 425, 000 Deposit in transit 350, 000 Customer note collected by bank 275, 000 Interest on customer note 25, 000 Customer check returned NSF 152, 000 Depositor's note charged to account 160, 000 a.) 1, 575, 000 b.) 1, 075, 000 с.) 1, 065, 000 d)1. 325,.000

On December 31, 2021 what is the adjusted cash in bank? In an audit of Danao Company on Dec. 31, 2021, the following data are gathered Balance per book Bank Charges Outstanding checks 1, 091, 500 4, 500 425, 000 Deposit in transit 350, 000 Customer note collected by bank 275, 000 Interest on customer note 25, 000 Customer check returned NSF 152, 000 Depositor's note charged to account 160, 000 a.) 1, 575, 000 b.) 1, 075, 000 с.) 1, 065, 000 d)1. 325,.000

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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