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The following data were gathered to use in reconciling the bank account of Torres Company:

Balance per bank $12,175
Balance per company records 9,480
Bank service charges 50
Deposit in transit 1,800
NSF check 1,250
Outstanding checks 5,795
Instructions
A. What is the adjusted balance on the bank reconciliation?

Respuesta :

tutordamola

Answer:

The answer is $8,180

Explanation:

Balance per general ledger cash at bank account. $9,480

Items in bank statement not in cash book:

Bank service charges. ($50)

NSF check. ($1,250)

Corrected cash at bank $8,180

Balance per bank statement $12,175

Items in general ledger not in bank statement:

Deposit in transit $1,800

Outstanding checks ($5,795)

Corrected balance per bank statement. $8,180

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