..ooo Verizon 10:51 AM 124%) 0 edugen.wileyplus.com LUS Kimmel, Accounting: Tool
ID: 2479630 • Letter: #
Question
..ooo Verizon 10:51 AM 124%) 0 edugen.wileyplus.com LUS Kimmel, Accounting: Tools for Business Decision Making, Se ACCOUNTING (ACCT 20/201) Exercise 7-6 Sally Rice is unable to reconcile the bank balance at January 31. Sally's reconciliation is shown here. $3,875.20 Less: Bank service charge djusted talance per bank See Cash balance per 4,173 20 7997 Less: Deposits in Ade: Outstanding checks Adjusted talance per bookks (a) What is the proper adjusted cash balance per bank? The proper adjusted cash balance per bank (b) What is the proper adjusted cash balance per books? The proper adjusted cash balance per books (c) Prepare the adjusting journal entries necessary to determine the adjusted cash balance per books. (Credit account titles are automatically indented when amount is entered. Do not indent manually. (To record NSF deck lan. 33 To recard bank service chape) Click if you would Ske to Show work for this question: OpenShenw Question Attempts: 0 of 3 used sVE FOR LATER Copyright ©Explanation / Answer
Answer 1 : Proper adjusted balance as per banks = $ 4383.17
Answer 2 : Proper adjusted balance as per books = $ 4173.20
Answe 3 Journal Entry
Date Account Debit Credit
Jan 31 Cash 546
NSF 546
Jan 31 Bank Charges 38.03
Cash 38.03
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.