Chos coffee house inc has the following data for january


Cho's Coffee House, Inc. has the following data for January 2019:

Cash balance per bank                                                                           $9,150

Deposits in transit                                                                                    1,510

Notes receivable and interest collected by bank                                             500

Bank service charges                                                                                    60

Outstanding checks                                                                                   2,670

NSF checks                                                                                                 310

Bank error: Check written by Joe's Coffee House charged to Cho                    560

The adjusted cash balance on January 31 is

a. $8,550.

b. $8,680.

c. $9,110.

d. $8,300.

Solution Preview :

Prepared by a verified Expert
Financial Accounting: Chos coffee house inc has the following data for january
Reference No:- TGS02837539

Now Priced at $10 (50% Discount)

Recommended (97%)

Rated (4.9/5)