Bob company has the following records available when


Question - Bob Company has the following records available when preparing its bank reconciliation for the month of March 2013:

Balance per bank statement, 3/31/13 - $18,000

NSF check returned with 3/31/13 bank statement - 290

Deposits in transit, 3/31/13 - 3,000

Outstanding checks, 3/31/13 - 2,400

Bank service charges for March - 20

What should be the adjusted cash balance at March 31, 2013?

Solution Preview :

Prepared by a verified Expert
Accounting Basics: Bob company has the following records available when
Reference No:- TGS02362768

Now Priced at $20 (50% Discount)

Recommended (96%)

Rated (4.8/5)