Flower company was preparing a bank reconciliation statement as of September 30, 2018. The following were identified: Flower company book balance =$32,800 Deposit in Transit = $4,300 Outstanding checks = $2,200 Interest earned on checking account =$100 Customer NSF check returned by bank =$400 The adjusted cash balance as at September 30, 2018 will be:
Flower company was preparing a bank reconciliation statement as of September 30, 2018. The following were identified: Flower company book balance =$32,800 Deposit in Transit = $4,300 Outstanding checks = $2,200 Interest earned on checking account =$100 Customer NSF check returned by bank =$400 The adjusted cash balance as at September 30, 2018 will be:
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Flower company was preparing a
Flower company book balance =$32,800
Deposit in Transit = $4,300
Outstanding checks = $2,200
Interest earned on checking account =$100
Customer NSF check returned by bank =$400
The adjusted cash balance as at September 30, 2018 will be:
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