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.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text: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.
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