Business, 09.09.2020 18:01, mcclendoncassandra

Prepare a bank reconciliation: Rainbow Industries gathered the following information prior to reconciling their cash balance per books (internal accounting records) to the recently received bank statement for the month ending August 30, 2018: Cash per balance per books, 8/30 $ 7,075 Deposits in transit $1,000 NSF check $ 420 Bank services charges $ 30 Outstanding checks $5,500 Notes Receivable collected by the $ 600 bank Cash balance per bank, 8/30 $ 11,725 Perform the bank reconciliation. The ADJUSTED CASH BALANCE PER BANK as of August 30, 2018 would be:. A) $12,175
B) $2,875
C) $10,175
D) $7,225

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Prepare a bank reconciliation: Rainbow Industries gathered the following information prior to reconc...