FINANCIAL AND MANAGERIAL ACC VOL 2 W/CON
9th Edition
ISBN: 9781266907838
Author: Wild
Publisher: MCG/CREATE
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Burson Enterprises' May 31 bank reconciliation shows deposits in transit of $850. The general ledger Cash in Bank account shows total cash receipts during June of $48,500. The June bank statement shows total cash deposits of $44,300 (including $1,500 from the collection of a note; the note collection has not yet been recorded by Burson). What amount of deposits in transit should appear in the June 30 bank reconciliation? Help
What should be the adjusted cash balance
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