The following information is available for Ellen's Fashions, Inc. for the current month. Book balance end of month $6,900 Outstanding checks 675 Deposits in transit 4,500 Service charges 105 Interest revenue 50 What is the adjusted book balance on the bank reconciliation? A. $6,845 B. $7,520 C. $10,570 D. $6745
The following information is available for Ellen's Fashions, Inc. for the current month. Book balance end of month $6,900 Outstanding checks 675 Deposits in transit 4,500 Service charges 105 Interest revenue 50 What is the adjusted book balance on the bank reconciliation? A. $6,845 B. $7,520 C. $10,570 D. $6745
Chapter8: Fraud, Internal Controls, And Cash
Section: Chapter Questions
Problem 7EA: Using the following information, prepare a bank reconciliation. Bank balance: $3,678 Book balance:...
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Question
The following information is available for Ellen's Fashions, Inc. for the current month.
Book balance end of month
|
$6,900
|
Outstanding checks
|
675
|
Deposits in transit
|
4,500
|
Service charges
|
105
|
Interest revenue
|
50
|
What is the adjusted book balance on the bank reconciliation?
$6,845
$7,520
$10,570
$6745
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