In preparing the bank reconciliation for the month of December, Nano Company provided the following data: Balance per bank statement 5,200,000 Deposit in transit 620,000 Amount erroneously credited by the bank To Nano’s account 20,000 Bank service charge for December 10,000 NSF check 40,000 Outstanding checks 800,000 What is adjusted cash in bank?
In preparing the bank reconciliation for the month of December, Nano Company provided the following data: Balance per bank statement 5,200,000 Deposit in transit 620,000 Amount erroneously credited by the bank To Nano’s account 20,000 Bank service charge for December 10,000 NSF check 40,000 Outstanding checks 800,000 What is adjusted cash in bank?
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter7: Accounting For Cash
Section: Chapter Questions
Problem 2CE
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In preparing the bank reconciliation for the month of December, Nano Company provided the following data:
Balance per bank statement 5,200,000
Deposit in transit 620,000
Amount erroneously credited by the bank To Nano’s account 20,000
Bank service charge for December 10,000
NSF check 40,000
Outstanding checks 800,000
What is adjusted cash in bank?
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