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At June 30, Yaddof Company has the following bank information: cash balance per bank $3,600; outstanding checks $680; deposits in transit $500; credit memo for interest $150; bank service charge $20. What
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At June 30, Yaddof Company has the following bank information: cash balance per bank $3,600; outstanding checks $680; deposits in transit $500; credit memo for interest $150; bank service charge $20. What is Yaddof adjusted cash balance on June 30?

User Om Sao
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Answer: Yaddof Adjusted Cash Balance is $3,290

Explanation: Bank reconciliation of Yaddof Company as at 30th June

Balance per Bank $3,600

Less:Outstanding Checks ($680)

Add: Deposit in transit $500

Less: Credit Memo for Interest ($150)

Add: Bank Service Charge $20

Adjusted Cash Balance $3,290

User Meallhour
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