ASSETS Date Cash + Accts Rec+ Supp + LIABILITIES Accts Pay + Interest Pay Capital + + + OWNER'S EQUITY Related Rev Exp Exp only
ASSETS Date Cash + Accts Rec+ Supp + LIABILITIES Accts Pay + Interest Pay Capital + + + OWNER'S EQUITY Related Rev Exp Exp only
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter12: Fainancial Statement Analysis
Section: Chapter Questions
Problem 16MCQ
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Question
Prepare a tabular analysis for any adjustments required to reach the adjusted cash balance per books. Be sure to include dates and explanations for any revenues or expenses. Use the
provided templates to complete your work.
Book Balance $28,600
Bank Balance $32,545
Deposits in transit $3,400
Outstanding checks $5,000, $1,800 and $975
Bank charges $35
Interest earned $55
Health insurance auto-draft $450
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