The following information: related to the bank reconciliation of the Flipper 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: a. $1,794.60 b. $1,719.60 c. $1,638.00 d. $1,713.00 e. $1,876.20
The following information: related to the bank reconciliation of the Flipper 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: a. $1,794.60 b. $1,719.60 c. $1,638.00 d. $1,713.00 e. $1,876.20
Chapter8: Fraud, Internal Controls, And Cash
Section: Chapter Questions
Problem 7EB: Using the following information, prepare a bank reconciliation. Bank balance: $4,021 Book balance:...
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![The following information: related to the bank reconciliation of the
Flipper 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:
a. $1,794.60
b. $1,719.60
c. $1,638.00
d. $1,713.00
e. $1,876.20](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff091cb44-b2d7-4284-b33f-b2169fc1378d%2F9a7910a5-5391-480b-9c16-853317770ae1%2Fwujyn8_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The following information: related to the bank reconciliation of the
Flipper 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:
a. $1,794.60
b. $1,719.60
c. $1,638.00
d. $1,713.00
e. $1,876.20
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