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What is the proper adjusted cash balance per books

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Reference no: EM13531042

Tasha Orin is unable to reconcile the bank balance at January 31. Tasha"s reconciliation is shown here.

Cash balance per bank

$3,677.20

Add: NSF check

450

Less: Bank service charge

28

Adjusted balance per bank

$4,099.20

Cash balance per books

$3,975.20

Less: Deposits in transit

590

Add: Outstanding checks

770

Adjusted balance per books

$4,155.20

Instructions

(a) What is the proper adjusted cash balance per bank?

(b) What is the proper adjusted cash balance per books?

(c) Prepare the adjusting journal entries necessary to determine the adjusted cash balance per books.

Reference no: EM13531042

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