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Extra Credit Bob Company has the following records available when preparing its bank reconciliation for the month of March 2013:
Extra Credit
Bob Company has the following records available when preparing its bank reconciliation for the month of March 2013:
Balance per bank statement, 3/31/13 $18,000
NSF check returned with 3/31/13 bank statement 290
Deposits in transit, 3/31/13 3,000
Outstanding checks, 3/31/13 2,400
Bank service charges for March 20
What should be the adjusted cash balance at March 31, 2013? Please provide your solution below:
