In the process of reconciling its bank statement for January, Maxi's Clothing's accountant compiles the following information:
Cash balance per company books on January 31 $7,025
Deposits in transit at month-end $2,260
Outstanding checks at month-end $750
Bank service charges $48
EFT automatically paid monthly, not yet recorded by Maxi $840
An NSF check returned on a customer account $495
The adjusted cash balance per the books on January 31 is:
Answers: 1
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In the process of reconciling its bank statement for January, Maxi's Clothing's accountant compiles...
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