Answered: Using the following information,…

Using the following information, determine the adjusted book balance. Book balance: $5,424 Deposits in transit: $1,025 Outstanding checks: $536 Interest income: $117 NSF check: $352

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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Question

Using the following information, determine the adjusted book balance.

Book balance: $5,424
Deposits in transit: $1,025
Outstanding checks: $536
Interest income: $117
NSF check: $352

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