What should be the adjusted cash balance? The cash balance per bank statement for Pioneer Traders is $22,500. However, thecompany's books show a balance of $20,800 due to the following adjustments:• Outstanding checks: $2,200Deposits in transit: $1,500• What should be the adjusted cash balance?

Step 1: Definition of Adjusted Cash BalanceThe adjusted cash balance is the reconciled balance of a…

Answered: The cash balance per bank statement for…

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter6: Bank Accounts, Cash Funds, And Internal Controls

Section: Chapter Questions

Problem 3E

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A company shows an ending balance of $790. The bank statement shows a $14 service charge and an NSF check for $150. A $280 deposit is in transit, and outstanding checks total $310. What is their adjusted cash balance?
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The bank statement balance is $3,500 and shows a service charge of $24 , interest earned of $3, and an NSF cheque for $100. Deposits in transit total $1,400; outstanding cheques are $450. The bookkeeper mistakenly recorded as $158 a cheque of $132 in payment of an account payable. 1. Prepare Bank Reconciliation 2. Prepare the adjusting entry
The bank statement balance is $3,500 and shows a service charge of $24 , interest earned of $3, and an NSF cheque for $100. Deposits in transit total $1,400; outstanding cheques are $450. The bookkeeper mistakenly recorded as $158 a cheque of $132 in payment of an account payable. Prepare Bank Reconciliation Statement Prepare Adjusting Entries.
I got the first answer which is Cash 180Utilities Expense 180? ?Cash ?
Using the following information: The bank statement balance is $4,044. The cash account balance is $4,369. Outstanding checks amounted to $676. Deposits in transit are $927. The bank service charge is $65. A check for $68 for supplies was recorded as $59 in the ledger. Prepare a bank reconciliation for Candace Co. for May 31. Candace Co.Bank ReconciliationMay 31 Cash balance according to bank statement $ Adjustments: $ Total adjustments Adjusted balance $ Cash balance according to company's records $ Adjustments: $ Total adjustments Adjusted balance $
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The cash balance per bank statement for Pioneer Traders is $22,500. However, the company's books show a balance of $20,800 due to the following adjustments: • Outstanding checks: $2,200 Deposits in transit: $1,500 • What should be the adjusted cash balance?