answer this question correctly tC ezto.mheducation.com/hm.tpx Question 48 (of 48

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answer this question correctly

tC ezto.mheducation.com/hm.tpx Question 48 (of 48) 48. 313 po 3.13 points Franklin Company deposits all cash receipts on the day they are received and makes all cash payments by close of business on August 31, its Cash account shows a debit balance of $24,162. Franklin's using check. At the August bank statement shows $23,037 on deposit in the bank. Determine the adjusted cash balance the following information: Deposit in transit Outstanding checks Bank service fees, not yet recorded by company $7,80 $6,100 The bank collected on a note recelvable, not yet recorded by the company The adjusted cash balance should be: O $30,837 O $24737 O $16,937 O $24,002 O $24,897 0 Type here to search

Explanation / Answer

correct option is "B" -24737

Adjusted balance = Balance as per bank + deposit in transit -outstanding checks

               = 23037+7800-6100

              = 24737

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