What was the adjusted book balance?
The following information is needed to reconcile the cash balance for Discount Dry Cleaning Company.
* A deposit of $5,600 is in transit.
* Outstanding checks total $1,400.
* The book balance is $6,000 at February 28, 2019.
* The bookkeeper recorded a $1,600 check as $17,400 in payment of the current month's rent.
* The bank balance at February 28, 2019 was $17,130.
* A deposit of $300 was credited by the bank for $3,000.
* A customer's check for $3,100 was returned for nonsufficient funds.
* The bank service charge is $70.
A) $18,700
B) $17,200
C) $18,630
D) $18,770
C) $18,630
You might also like to view...
Which of the following concepts best characterizes the accrual basis of accounting?
a. Conservatism b. Matching c. Understandability d. Going concern e. Unit of measurement
Jenny Welch works at a retail store selling sports equipment. Her daily tasks include opening the store, creating the work schedules, processing payroll, overseeing sales and inventory, and training employees. At what level of the organizational pyramid would you categorize Jenny?
A. Strategic B. Owner C. Managerial D. Operational
. What is included in the Financial Plan section of a business plan?
a. the industry, structure, products, services b. a description of potential customers and competitors c. income and cash flow, balance sheets, and financial projections d. financial projections only
Jill tells Ken, who has no knowledge of literary comedy, that she will tutor him in the subject for $50. As an offer, this is
A. effective. B. not effective, because comedy is not a serious subject. C. not effective, because Jill's tutoring will be subjective. D. not effective, because Ken has no knowledge of the subject.