Rainey Company's true cash balance at October 31 is $8,710. The following information is available for...
Rainey Company's true cash balance at October 31 is $8,710. The following information is available for the bank reconciliation:
Outstanding checks, $550
Deposits in transit, $1,150
Bank service charges, $90
The bank had collected an account receivable for Rainey Company, $1,000
The bank statement included an NSF check written by one of Ramsey's customers for $600.
Based on this information Rainey's unadjusted bank balance at October 31 is:
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Bank Reconciliation |
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Unadjusted Bank Balance |
_________ |
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Add: |
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Subtract: |
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True Cash Balance |
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Homework Answers
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Rainey Company's true cash balance at October 31 is $8,710. The
following information is available for...
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