Question 3 View Policies Current Attempt in Progress Margaret Sells is unable to reconcile the...
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Accounting
Question 3 View Policies Current Attempt in Progress Margaret Sells is unable to reconcile the bank balance at January 31. Margaret's reconciliation is shown here. Cash balance per bank $4,677.20 Add: NSF check 605.00 Less: Bank service charge 51.50 Adjusted balance per bank $5,230.70 Cash balance per books $4,975.20 Less: Deposits in transit 566.50 Add:Outstanding checks 925.00 Adjusted balance per books $5,333.70 (a) What is the proper adjusted cash balance per bank? (Round answers to2 decimal places, e.g. 52.75.) The proper adjusted cash balance per bank $ (b) What is the proper adjusted cash balance per books? (Round answers to 2 decimal places, e.g. 52.75.) The proper adjusted cash balance per books $ (a) What is the proper adjusted cash balance per bank? (Round answers to 2 decimal places, e.g. 52.75.) $ The proper adjusted cash balance per bank (b) What is the proper adjusted cash balance per books? (Round answers to 2 decimal places, e.g. 52.75.) $ The proper adjusted cash balance per books (c) Prepare the adjusting journal entries necessary to determine the adjusted cash balance per books. (Round answers to 2 decimal places, e.g. 52.75 Credit account titles are automatically indented when amount is entered. Do not indent manually. Credit Debit Account Titles and Explanation Date Jan. 31 (To record NSF check) Jan. 31 (To record bank service charge)


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