The following information is needed to reconcile the cash balance for Discount Dry Cleaning, Inc. *A deposit of $5,700 is in transit. * Outstanding checks total $1,000. * The book balance is $6,400 at February 28, 2025. * The bookkeeper recorded a $1,500 check as $17,100 in payment of the current month's rent. * The bank balance at February 28, 2025 was $18,410. *A deposit of $500 was credited by the bank for $5,000. *A customer's check for $3,300 was returned for nonsufficient funds. * The bank service charge is $90. What was the adjusted book balance?

The following information is needed to reconcile the cash balance for Discount Dry Cleaning, Inc. A deposit of $5,700 is in transit. Outstanding checks total $1,000. * The book balance is $6,400 at February 28, 2025. * The bookkeeper recorded a $1,500 check as $17,100 in payment of the current month's rent. * The bank balance at February 28, 2025 was $18,410. A deposit of $500 was credited by the bank for $5,000. A customer's check for $3,300 was returned for nonsufficient funds. * The bank service charge is $90. What was the adjusted book balance?

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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