Answer
a) Adjusted cash balance as per bank 3,480.20 dollars
b) Adjusted cash balance as per books 3,480.20 dollars
c) Accounts receivable 470.00 dollars
Cash 470.00 dollars
Miscellaneous Expenses 25.00 dollars
Cash 25.00 dollars
Work Step by Step
a)
Balance as per bank statement 3,660.20 dollars
Add: Deposit in Transit 590.00 dollars
Less: Outstanding checks 770.00 dollars
b)
Balance as per books 3,975.20 dollars
Less: Bank Service Charges 25.00 dollars
NSF Check 470.00 dollars
c)
To record Bank service charges
