Posted by Pedro on .
. Leng Xiong is unable to reconcile the bank balance at January 31. Leng’s reconciliation is shown here.
Cash balance per bank $3,660.20
Add: NSF check 370.00
Less: Bank service charge 25.00
Adjusted balance per bank $4,005.20
Cash balance per books $3,975.20
Less: Deposits in transit 590.00
Add: Outstanding checks 670.00
Adjusted balance per books $4,055.20
(a) What is the proper adjusted cash balance per bank?
(b) What is the proper adjusted cash balance per books?
(c) Prepare the adjusting journal entries necessary to determine the adjusted cash balance per books.
Please help!!!!Accounting -
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