Business
Business, 16.11.2019 06:31, benjamenburton1

A company's bank statement balance is $ 3,400 and shows a service charge of $ 12, interest earned of $ 7, and an nsf check for $ 240. deposits in transit total $ 1,000; outstanding checks are $ 675. the company's bookkeeper erroneously recorded a check received from a customer as a $ 145 check when it was actually a $ 120 check. this created a book error of $ 25.
(1) what is the adjusted bank balance?
(2) what was the book balance of cash before the reconciliation?

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Answers: 3

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A company's bank statement balance is $ 3,400 and shows a service charge of $ 12, interest earned of...

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