The Treasurer for Marvel Inc., was preparing a bank reconciliation statement as of September 30, 2020. The following were identified: Marvel Inc., book balance =$37,200 Deposit in Transit = $6,200 Outstanding checks = $1,100 Interest earned on checking account =$200 Customer NSF check returned by bank =$600 Find out the adjusted cash balance as at September 30, 2020.
The Treasurer for Marvel Inc., was preparing a bank reconciliation statement as of September 30, 2020. The following were identified: Marvel Inc., book balance =$37,200 Deposit in Transit = $6,200 Outstanding checks = $1,100 Interest earned on checking account =$200 Customer NSF check returned by bank =$600 Find out the adjusted cash balance as at September 30, 2020.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The Treasurer for Marvel Inc., was preparing a
Marvel Inc., book balance =$37,200
Deposit in Transit = $6,200
Outstanding checks = $1,100
Interest earned on checking account =$200
Customer NSF check returned by bank =$600
Find out the adjusted cash balance as at September 30, 2020.
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