The cash account of A Corp. shows a balance of 450,000 before reconciliation. The bank statement does not include a deposit of 23,000 made on the last day of the month. The bank statement shows a collection by the bank of 9,400 and a customer’s check for 3,200 was returned because it was NSF. A customer’s check for 4,500 was recorded on the books as 5,400 and a check written for 790 was recorded as 970.How much is the adjusted cash balance?

Bank reconciliation: It is a statement which is prepared to reconcile the balance as per cash book…

Answered: The cash account of A Corp. shows a…

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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The cash account of A Corp. shows a balance of 450,000 before reconciliation. The bank statement does not include a deposit of 23,000 made on the last day of the month. The bank statement shows a collection by the bank of 9,400 and a customer’s check for 3,200 was returned because it was NSF. A customer’s check for 4,500 was recorded on the books as 5,400 and a check written for 790 was recorded as 970.

How much is the adjusted cash balance?

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