The bank reconciliation for the month of December, Jacks Company provided the following information: Balance per bank statement                                                                                       2,500,000 Deposit in transit                                                                                                              500,000 Debit memo (NSF)                                                                                                          50,000 Outstanding check                                                                                                          300,000 Debit memo (Service charge)                                                                                     30,000   What is adjusted cash in bank? Feedback The correct answer is: 2,700,000

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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The bank reconciliation for the month of December, Jacks Company provided the following information:

Balance per bank statement                                                                                       2,500,000

Deposit in transit                                                                                                              500,000

Debit memo (NSF)                                                                                                          50,000

Outstanding check                                                                                                          300,000

Debit memo (Service charge)                                                                                     30,000

 

What is adjusted cash in bank?

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The correct answer is: 2,700,000
 
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