Question Description
The following information pertains to the Cash account of the Vader Corporation for the month of October 2007:
Bank Statement
Balance, October 31 $22,639.54
Service charge for October $10
NSF check returned with October bank statement 4.50
Note Recievable collected by bank not recorded on books $1500
Interest on note collected by bank not previously on the books 50.0
Books
Balance, October 31 ?
Cash on hand awaiting deposit $1,874.18
Outstanding Checks:
#257 $42,17
#271 19.19
#272 80.82 $ 142.18
Deposits in transit $2,220.90
question
1. What is the cash balance per book before adjustment as of October 31, 2007?
2. Prepare the adjusting entries to update the cash balance.
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