Determine the true cash balance as of November

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Question - On November 30, Hernandez Company's bank statement showed an ending balance of $37341. The following information is available about Hernandez account:

1. Debit memo in bank statement for bank service charge, $39

2. Deposit in transit, $2988

3. Outstanding checks, $3156

4. Customer's NSF check for $723 was returned with the bank statement

Required -

a) Determine the true cash balance as of November 30.

b) Determine the unadjusted balance of the company's cash account as of November 30.

Reference no: EM132630328

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