At March 31, Cummins Co. had a balance in its cash account of $10,400. At the end of March the company determined that it had outstanding checks of $900, deposits in transit of $600, a bank service charge of $20, and an NSF check from a customer for $200. The true cash balance at March 31 is:

$10,180.

Explanation:

We have to adjust the Cash ledger for the information that was with the bank and provided to us at the period End. Deposit in-Transit and Outstanding Checks are already recorded in the company's statements but not in Bank's Account due to some reason. So, we don't have to adjust that.

Information like Bank Service Charges and Non-Sufficient Funds (NSF) has been provided to the company at period End. The company has already record NSF as a collection from customer but when the check goes to the bank, it has been declared as "NSF" because of the Customer account having no enough Balance. So, adjusts these two figures. Simply deduct it from the Period End Cash Balance.

⇒10,400 - 20 - 200 = $10,180.

the most important factor in the

work process or industry is to retain the interest of the employee. and to

retain them, their salary or profit must be adjusted to the best value. unless

the employee does not do his job properly, employees must receive bonuses or

benefits to ensure them to stay in the company. it will actually make them stay

longer, make them feel important and reduce costs for hiring new employees.

explanation:

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