Essay
On November 30, Hernandez Company's bank statement showed an ending balance of $37,341. The following information is available about Hernandez's account:
Debit memo in bank statement for bank service charge, $39Deposit in transit, $2,988Outstanding checks, $3,156Customer'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.
Correct Answer:
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a)$37,173b)$37,935a)True cash balance = ...View Answer
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