On November 30, Hernandez Company's bank statement showed an ending balance of $37,491. The following information is available about Hernandez's account: 1. Debit memo in bank statement for bank service charge, $99 2. Deposit in transit, $3,138 3. Outstanding checks, $3,456 4. Customer's NSF check for $873 was returned with the bank statement The true cash balance is 37,173 Required: b) Determine the unadjusted balance of the company's Cash account as of November 30.

On November 30, Hernandez Company's bank statement showed an ending balance of $37,491. The following information is available about Hernandez's account: 1. Debit memo in bank statement for bank service charge, $99 2. Deposit in transit, $3,138 3. Outstanding checks, $3,456 4. Customer's NSF check for $873 was returned with the bank statement The true cash balance is 37,173 Required: b) Determine the unadjusted balance of the company's Cash account as of November 30.

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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