Accounting: Tools for Business Decision Making, 5th Edition

Published by Wiley
ISBN 10: 1118128168
ISBN 13: 978-1-11812-816-9

Chapter 7 - Fraud, Internal Control, and Cash - Brief Exercises - Page 374: BE7-10


Bank Reconciliation Balance as per bank statement 7,300 dollars. Add: Deposit in Transit 1,350 dollars Less: Outstanding checks 762 dollars Adjusted cash balance as per bank 7,888 dollars

Work Step by Step

The bank service charge will be reconciled in Balance as per books.
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