The following indicates related additional information pertaining to cash: 1. Checks deposited by ABC, but have not been processed by the bank, total $4,597 2. Checks issued by ABC, but has not been cashed by the bank, total $3,490 3. Electronic Funds Transfer collection, total $3,830 4. Interest earned from cash saving account earned by ABC, total $26 5. None sufficient fund (NSF) checks, total $587 6. Bank service fees, total $152 7. Check $ 1,236 deposited by ABC was entered by the bank as $1,263. 8. Check $2,575 issued to vendor for inventory purchase was cashed correctly by the bank. It was recorded by ABC's staff as $2,557 Assuming there is no cash missing, what is ABC's adjusted 12/31/2020 cash balance $
The following indicates related additional information pertaining to cash: 1. Checks deposited by ABC, but have not been processed by the bank, total $4,597 2. Checks issued by ABC, but has not been cashed by the bank, total $3,490 3. Electronic Funds Transfer collection, total $3,830 4. Interest earned from cash saving account earned by ABC, total $26 5. None sufficient fund (NSF) checks, total $587 6. Bank service fees, total $152 7. Check $ 1,236 deposited by ABC was entered by the bank as $1,263. 8. Check $2,575 issued to vendor for inventory purchase was cashed correctly by the bank. It was recorded by ABC's staff as $2,557 Assuming there is no cash missing, what is ABC's adjusted 12/31/2020 cash balance $
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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