Adjusting the cash account


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Adjusting the cash account 1 answer below » 2. Exercise 6 ‘ 10A Adjusting the cash account As of May 31, 2013, the bank statement showed an ending balance of $26,100. The unadjusted Cash account balance was $27,350. The following
information is available: 1. Deposit in transit, $6,981. 2. Credit memo in bank statement for interest earned in May, $36. 3. Outstanding check, $5,720. 4. Debit memo for service charge, $25. Required a. Determine the true cash balance by preparing a bank reconciliation as of May 31, 2013, using the preceding information. b. Record in general journal View complete question » 2. Exercise 6 ‘ 10A Adjusting the cash account As of May 31, 2013, the bank statement showed an ending balance of $26,100. The unadjusted Cash account balance was $27,350. The following
information is available: 1. Deposit in transit, $6,981. 2. Credit memo in bank statement for interest earned in May, $36. 3. Outstanding check, $5,720. 4. Debit memo for service charge, $25. Required a. Determine the true cash balance by preparing a bank reconciliation as of May 31, 2013, using the preceding information. b. Record in general journal format the adjusting entries necessary to correct the unadjusted book balance. Need This ASAP… Please Give COMPLETE Detailed Answer… View less » Dec 10 2013 06:00 PM

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