Choices are:a. 3,550,000b. 3,660,000c. 3,610,000d. 3,655,000Question: What amount was reported as unadjusted cash in bank balance per book?Show solution and explanation In preparing the bank reconciliation for the month of December, CaseCompany provided the following information:Balance per bank statementDeposit in transitAmount erroneously credited by bank to Case's accountBank service charge for DecemberNSF checkOutstanding checks3,800,000520,00040,0005,00050,000675,000

There are two type of cash and bank balances in the business. One is cash balance as per cash book…

Answered: Choices are: a. 3,550,000 b.…

Choices are: a. 3,550,000 b. 3,660,000 c. 3,610,000 d. 3,655,000 Question: What amount was reported as unadjusted cash in bank balance per book? Show solution and explanation

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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Question

Choices are:

a. 3,550,000

b. 3,660,000

c. 3,610,000

d. 3,655,000

Question: What amount was reported as unadjusted cash in bank balance per book?

Show solution and explanation

In preparing the bank reconciliation for the month of December, Case
Company provided the following information:
Balance per bank statement
Deposit in transit
Amount erroneously credited by bank to Case's account
Bank service charge for December
NSF check
Outstanding checks
3,800,000
520,000
40,000
5,000
50,000
675,000

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