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November 22, 2014

Homework Help: I need help answering this Accounting question!?

Posted by Anton on Saturday, October 20, 2012 at 2:15pm.

Bluejay Corp. prepared a bank reconciliation as of July 31, 2009. The following items were identified:

Bluejay's bank statement balance: $14,300
Deposit in transit: 1,000
Outstanding checks: 1,300
Bank service charges: 50
Customer's NSF check returned by the bank: 150

What is Bluejay's adjusted cash balance at July 31st?

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