FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Concept explainers

Bank Reconciliation Statement
As a commerce student, we all know that every business has to maintain a cash book to maintain all his cash and bank transactions. A cash book is a book which has two columns, one cash column and one bank column.
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Given the following information, determine the adjusted cash balance per books from the following information: a. Balance per books as of June 30, $8,750. b. Outstanding checks, $895. c. NSF check returned with bank statement, $205. d. Deposit made in the bank branch the afternoon of June 30, $375. e. Check printing charges, $105. f. Interest earned on checking account, $57. Adjusted cash balance per books
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Transcribed Image Text:Given the following information, determine the adjusted cash balance per books from the following information: a. Balance per books as of June 30, $8,750. b. Outstanding checks, $895. c. NSF check returned with bank statement, $205. d. Deposit made in the bank branch the afternoon of June 30, $375. e. Check printing charges, $105. f. Interest earned on checking account, $57. Adjusted cash balance per books
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