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eBook Calculator Working Backward: Bank Reconciliation Dexter Company's bank reconciliation shows an adjusted cash balance of...


eBook Calculator Working Backward: Bank Reconciliation Dexter Companys bank reconciliation shows an adjusted cash balance of
eBook Calculator Working Backward: Bank Reconciliation Dexter Company's bank reconciliation shows an adjusted cash balance of $4,968.05. The following items also appear on the reconciliation: NSF check $231.79 Deposit in transit 396.06 Interest earned 99.48 Outstanding checks 502.15 Bank service charges 25.00 Required: 1. Determine the balance on the bank statement prior to adjustment. Round your answer to the nearest cent. 2. Determine the balance on the books prior to adjustment, Round your answer to the nearest cent.
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Determination of the Bank balance prior to adjustments and balance on the books prior to adjustments

Adjusted Cash Balance $ 4,968.05
Less: Deposit in transit $    (396.06)
Add: Outstanding checks $      502.15
Bank balance prior to adjustments $ 5,074.14
Adjusted Cash Balance $ 4,968.05
Add: NSF Checks $ 231.79
Less: Interest earned $      (99.48)
Add: Bank service charges $ 25.00
Balance on the book prior to adjustments $ 5,125.36
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