5. Use the following information from Jim's T-Shirt Shop to answer the following questions. Checkbook balance: $6,105.42
-
- Site Admin
- Posts: 899603
- Joined: Mon Aug 02, 2021 8:13 am
5. Use the following information from Jim's T-Shirt Shop to answer the following questions. Checkbook balance: $6,105.42
questions. Checkbook balance: $6,105.42 on July 31 Bank statement: $4,146.46 on July 31 a. NSF check from a customer for $21.25 (debit memo from bank) b. interest added to checking account $8.50 (credit memo from bank) c. deposit made on July 31 not yet recorded by bank $1948.25 d. bank services charges of $18.50 (debit memo from bank) e. checks not cleared during July of $152.38 f. check written for $18.90 was deducted as $19.80 by the bank g. check written for $145.60 was recorded in checkbook as $14.56 What is the net deduction from the checkbook balance? What is the adjusted cash per book balance?
5. Use the following information from Jim's T-Shirt Shop to answer the following