The following information is related to the bank reconciliation of the Acme Company: Balance per bank statement $1,951.20 Balance per ledger 1,869.60 Deposits in transit 271.20 Outstanding checks 427.80 NSF check 61.20 Service charges 13.80 The adjusted/correct cash balance is - $1,794.60 - $1,719.60 - $1,638.00 - $1,713.00 - $1,876.20

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
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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The following information is related to the bank reconciliation of the Acme
Company:
Balance per bank statement $1,951.20
Balance per ledger 1,869.60
Deposits in transit 271.20
Outstanding checks 427.80
NSF check 61.20
Service charges 13.80 The adjusted/correct cash balance is
- $1,794.60
- $1,719.60
- $1,638.00
- $1,713.00
- $1,876.20
Transcribed Image Text:The following information is related to the bank reconciliation of the Acme Company: Balance per bank statement $1,951.20 Balance per ledger 1,869.60 Deposits in transit 271.20 Outstanding checks 427.80 NSF check 61.20 Service charges 13.80 The adjusted/correct cash balance is - $1,794.60 - $1,719.60 - $1,638.00 - $1,713.00 - $1,876.20
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