The adjusted cash balance per bank agreed with the cash


The bank portion of the bank reconciliation for Backhaus Company at November 30, 2010, was as follows. BACKHAUS COMPANY Bank Reconciliation November 30, 2010 Cash balance per bank $14,367.90 Add: Deposits in transit 2,530.20 16,898.10 Less: Outstanding checks Check Number Check Amount 3451 $2,260.40 3470 720.10 3471 844.50 3472 1,426.80 3474 1,050.00 6,301.80 Adjusted cash balance per bank $10,596.30

The adjusted cash balance per bank agreed with the cash balance per books at November 30.

The December bank statement showed the following checks and deposits. AND SO ON Check:

(a) Adjusted Balance per Books $15,958.40

Solution Preview :

Prepared by a verified Expert
Managerial Accounting: The adjusted cash balance per bank agreed with the cash
Reference No:- TGS0784972

Now Priced at $30 (50% Discount)

Recommended (90%)

Rated (4.3/5)