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Compute the adjusted cash balance per books on may

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Reference no: EM132568919

Question 1 - Meredith Company gathered the following reconciling information in preparing its May bank reconciliation:

Cash balance per books, 5/31 $4,500

Deposits in transit 375

Notes receivable and interest collected by bank 650

Bank charge for check printing 40

Outstanding checks 2,400

NSF check 140

Compute the adjusted cash balance per books on May 31?

A. $4,970

B. $5,120

C. $8,105

D. $3,295

Question 2 - Jamison Company developed the following reconciling information in preparing its June bank reconciliation:

Cash balance per bank, 6/30 $13,000

Note receivable collected by bank 4,000

Outstanding checks 7,000

Deposits-in-transit 2,500

Bank service charge 35

NSF check 1,900

Using the above information, determine the cash balance per books (before adjustments) for the Jamison Company.

A. $8,065

B. $10,565

C. $15,065

D. $6,435

Reference no: EM132568919

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