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24.06.2020 •
Mathematics
Annapolis Company's bank statement indicated an ending cash balance of $9,340. Alpha's accountant discovered that outstanding checks amounted to $865 and deposits in transit were $840. Additionally, the bank statement showed service charges of $25. What is the correct adjusted ending cash balance
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Ответ:
The correct answer is $9,315
Step-by-step explanation:
Solution
Given that:
The ending cash balance = $9340
Checks outstanding amounted to = $865
The deposit in transit = $840
Bank statement service charges = $25
Now,
We will find the correct adjusted ending cash balance which is given below:
Correct adjusted ending cash balance = Unadjusted Balance - Outstanding Check + Deposit in transit
= $9,340 - $865 + $840
=$8,475 + $840
=$9,315
Hence,
The correct adjusted ending cash balance is $9,315
Ответ:
i hope that