Ask Question
12 December, 15:06

At June 30, Yaddof Company has the following bank information: cash balance per bank $3,600; outstanding checks $680; deposits in transit $500; credit memo for interest $150; bank service charge $20. What is Yaddof adjusted cash balance on June 30?

+5
Answers (1)
  1. 12 December, 17:47
    0
    Answer: Yaddof Adjusted Cash Balance is $3,290

    Explanation: Bank reconciliation of Yaddof Company as at 30th June

    Balance per Bank $3,600

    Less:Outstanding Checks ($680)

    Add: Deposit in transit $500

    Less: Credit Memo for Interest ($150)

    Add: Bank Service Charge $20

    Adjusted Cash Balance $3,290
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “At June 30, Yaddof Company has the following bank information: cash balance per bank $3,600; outstanding checks $680; deposits in transit ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers