Using the following information related to Lo-Sag Constructions find out the Bank Balance as per Pass Book (Bank Statement) without preparing adjusted cash-book SI. No : 1 Favorable Balance as per Cash Book 2 Bank Service Charges levied by Bank Income directly received by bank from MTI Checks issued but not presented to Bank for Payment Checks Deposited but not cleared yet Deposit that has been entered twice in Cash Book 7 Customer directly deposited check into Bank Account Transaction Details Amount ($) 191,000.00 3,105.00 3 1,430.00 4 78,450.00 5 31,050.00 2,222.00 5,435.00 Favorable Balance of $ 239,938 Unfavorable Balance of $ 239,938 Favorable Balance of $ 293,938 Unfavorable Balance of $ 233,938

Using the following information related to Lo-Sag Constructions find out the Bank Balance as per Pass Book (Bank Statement) without preparing adjusted cash-book SI. No : 1 Favorable Balance as per Cash Book 2 Bank Service Charges levied by Bank Income directly received by bank from MTI Checks issued but not presented to Bank for Payment Checks Deposited but not cleared yet Deposit that has been entered twice in Cash Book 7 Customer directly deposited check into Bank Account Transaction Details Amount ($) 191,000.00 3,105.00 3 1,430.00 4 78,450.00 5 31,050.00 2,222.00 5,435.00 Favorable Balance of $ 239,938 Unfavorable Balance of $ 239,938 Favorable Balance of $ 293,938 Unfavorable Balance of $ 233,938

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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From the give Problem 2, What is the adjusted cash in bank on December 31?