Easton Co. deposits all cash receipts on the day they are received and makes all cash payments by check. At the close of busines
s on June 30, its Cash account shows a debit balance of $60,209. Easton's June bank statement shows $58,349 on deposit in the bank.
Determine the adjusted cash balance using the following information:
Deposit in transit $3,800
Outstanding checks $1,925
Check printing fee, not yet recorded by company $15
Interest earned on account, not yet recorded by the company $30
Determine the adjusted cash balance using the following information:
Deposit in transit $3,800
Outstanding checks $1,925
Check printing fee, not yet recorded by company $15
Interest earned on account, not yet recorded by the company $30
1 answer:
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