A company has the following information: Cash balance per bank, Dec. 31, $9,500 Deposits in...

50.1K

Verified Solution

Question

Accounting

image
A company has the following information: Cash balance per bank, Dec. 31, $9,500 Deposits in transit, $1,255 Notes receivable and interest collected by bank, $750 Bank charge for check printing, $50 Outstanding checks, $650 NSF check, $250 What is the company's adjusted cash balance on Dec. 31? O $9.855. O $11.405 $8,895. $10,105 O $10.825

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students