Pharoah company gathered the following reconciling information in preparing its June bank reconciliation:Cash balance per books, 6/30 $10600Deposits in transit 800Notes receivable and interest collected by bank 1860Bank charge for check printing 65Outstanding checks 3800NSF check 350The adjusted cash balance per books on June 30 is

Adjusted cash balance on June 30 = Cash balance + Notes receivable and interest - Bank charge for…

Answered: Pharoah company gathered the following…

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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Pharoah company gathered the following reconciling information in preparing its June bank reconciliation:

Cash balance per books, 6/30		$10600
Deposits in transit		800
Notes receivable and interest collected by bank		1860
Bank charge for check printing		65
Outstanding checks		3800
NSF check		350

The adjusted cash balance per books on June 30 is

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