In the process of reconciling its bank statement for January, Maxi's Clothes accountant compiles the following information: Cash balance per company books on January 30 $ 4,725 Deposits in transit at month-end $ 1,800 Outstanding checks at month-end $ 520 Bank service charges $ 25 EFT automatically deducted monthly, not yet recorded by Maxi $ 380 An NSF check returned on a customer account $ 265.
The adjusted cash balance per the books on January 31 is
a. $5,855
b. $5,335
c. $4,055
d. $4,815
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “In the process of reconciling its bank statement for January, Maxi's Clothes accountant compiles the following information: Cash balance ...” 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
You Might be Interested in
Teena, Isaiahand Bart form a general partnership to sell automobiles Teenawho is responsible for ordering inventory large sport utility vehicles (SUV) great quantities of gasoline.
Answers (1)
Cory's coffee cafe priced its caffeine delights at $1.00 , they sold 150 per day. when the price was $2.00 , they sold 100 per day.
Answers (1)
Suppose that in Columbia, one unit of labor can produce 4 tons of papayas or 2 tons of bananas, while in Brazil one unit of labor can produce either 2 tons of papayas or 4 tons of bananas.
Answers (1)
The following data relate to factory overhead cost for the production of 6,000 computers: Actual: Variable factory overhead $142,600 Fixed factory overhead 35,000 Standard: 6,000 hrs.
Answers (1)
The "labor problem" was considered a problem because it created conditions such that
Answers (1)
New Questions in Business
Kramer Enterprises reports year-end information from 2015 as follows: Sales (160,000 units) $960,000 Cost of goods sold 640,000 Gross margin 320,000 Operating expenses 260,000 Operating income $60,000 Kramer is developing the 2016 budget.
Answers (1)
What is purchasing process?
Answers (1)
The report of which agency states, "it is paradoxical that obesity is increasing in the us while more people are dieting than ever before, spending, by one estimate, more that $33 billion per year on weight-reduction products and services?
Answers (1)
Which of the following are inefficient markets? Select all that apply. Consumers compete for wages in a free market economy. Consumers wait in line to buy a sale television because the first to come is the first served.
Answers (1)
Which of the following statements regarding perpetuities is FALSE? A. A perpetuity is a stream of equal cash flows that occurs at regular intervals and lasts forever. B.
Answers (1)