Homework Help is Here – Start Your Trial Now!
Business
Accounting
On December 31, 2021 what is the adjusted cash in bank? In an audit of Danao Company on Dec. 31, 2021, the following data are gathered Balance per book Bank Charges Outstanding checks 1, 091, 500 4, 500 425, 000 Deposit in transit 350, 000 Customer note collected by bank 275, 000 Interest on customer note 25, 000 Customer check returned NSF 152, 000 Depositor's note charged to account 160, 000 a.) 1, 575, 000 b.) 1, 075, 000 с.) 1, 065, 000 d)1. 325,.000

On December 31, 2021 what is the adjusted cash in bank? In an audit of Danao Company on Dec. 31, 2021, the following data are gathered Balance per book Bank Charges Outstanding checks 1, 091, 500 4, 500 425, 000 Deposit in transit 350, 000 Customer note collected by bank 275, 000 Interest on customer note 25, 000 Customer check returned NSF 152, 000 Depositor's note charged to account 160, 000 a.) 1, 575, 000 b.) 1, 075, 000 с.) 1, 065, 000 d)1. 325,.000

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter6: Cash And Receivables
Section: Chapter Questions
Problem 11MC
See similar textbooks
icon
Related questions
Question
On December 31, 2021 what is the adjusted cash in bank? In an audit of Danao Company on Dec. 31, 2021, the following data are gathered Balance per book 1, 091, 500 Bank Charges 4, 500 Outstanding checks 425, 000 Deposit in transit 350, 000 Customer note collected by bank 275, 000 Interest on customer note 25, 000 152, 000 160, 000 Customer check returned NSF Depositor's note charged to account a.) 1, 575, 000 b.) 1, 075, 000 с.) 1, 065, 000 d.) 1, 325, 000
Transcribed Image Text:On December 31, 2021 what is the adjusted cash in bank? In an audit of Danao Company on Dec. 31, 2021, the following data are gathered Balance per book 1, 091, 500 Bank Charges 4, 500 Outstanding checks 425, 000 Deposit in transit 350, 000 Customer note collected by bank 275, 000 Interest on customer note 25, 000 152, 000 160, 000 Customer check returned NSF Depositor's note charged to account a.) 1, 575, 000 b.) 1, 075, 000 с.) 1, 065, 000 d.) 1, 325, 000
Expert Solution
steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Bank reconciliation statement
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
Accounting
ISBN:
9781337788281
Author:
James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:
Cengage Learning
Quickbooks Online Accounting
Quickbooks Online Accounting
Accounting
ISBN:
9780357391693
Author:
Owen
Publisher:
Cengage
College Accounting (Book Only): A Career Approach
College Accounting (Book Only): A Career Approach
Accounting
ISBN:
9781337280570
Author:
Scott, Cathy J.
Publisher:
South-Western College Pub
Financial And Managerial Accounting
Financial And Managerial Accounting
Accounting
ISBN:
9781337902663
Author:
WARREN, Carl S.
Publisher:
Cengage Learning,
Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
Accounting
ISBN:
9781305961883
Author:
Carl Warren
Publisher:
Cengage Learning
Auditing: A Risk Based-Approach (MindTap Course L…
Auditing: A Risk Based-Approach (MindTap Course L…
Accounting
ISBN:
9781337619455
Author:
Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:
Cengage Learning
SEE MORE TEXTBOOKS