You are doing a bank reconciliation for June, 20x1. You have a $3,200 unadjusted ledger cash balance and the following data: • Outstanding checks: No. 301, $400; No. 305, $700; No. 310, $950 ⚫ Deposits in transit, $1,500 • • • Check No. 315 (for office supplies) written for $750 but incorrectly recorded as $800 NSF check from a customer, $600 • Bank service charge for June, $10 • Balance per bank statement, $2,950 What dollar amount should be deducted from the balance per books?

You are doing a bank reconciliation for June, 20x1. You have a $3,200 unadjusted ledger cash balance and the following data: • Outstanding checks: No. 301, $400; No. 305, $700; No. 310, $950 ⚫ Deposits in transit, $1,500 • • • Check No. 315 (for office supplies) written for $750 but incorrectly recorded as $800 NSF check from a customer, $600 • Bank service charge for June, $10 • Balance per bank statement, $2,950 What dollar amount should be deducted from the balance per books?

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter8: Fraud, Internal Controls, And Cash

Section: Chapter Questions

Problem 11EA: Using the following information, prepare a bank reconciliation. Bank balance: $6,988 Book balance:...

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You are doing a bank reconciliation for May, 20x1. You have a $2,785 unadjusted ledger cash balance and the following data: -Outstanding checks: No. 719, $200; No. 727, $800; No, 732, $625 -Deposits in transit, $1,200 -Check No. 742 (for repairs) written for $505 but incorrectly recorded as $550 -NSF check from a customer, $500 -Bank service charge for May, $5 -Balance per bank statement, $2,750 Which adjustment will you need to make to company books? a. a net decrease in Cash of $550 b. a net decrease in Cash of $505 c. a net decrease in Cash of $460 d. a net increase in Cash of $45