question archive The Cash account in the records of Amaz Company showed a balance of $13,307 at March 31
The Cash account in the records of Amaz Company showed a balance of $13,307 at March 31
Subject:AccountingPrice: Bought3
The Cash account in the records of Amaz Company showed a balance of $13,307 at March 31. The bank statement, however, showed a balance of $9,936 at the same date The only reconciling items consisted of a $4,902 deposit in transit, a bank service charge of $36, outstanding checks totaling $2,000, and an non-sufficient funds (NSF) chock from L Ball, one of Amaz' customers Required: (A) What is the amount of the adjusted cash balance on March 312 (8) What is the amount of the non-sufficient funds (NSF) check C) Record the journal entry necessary. If any, to adjust Amaz Company's accounting records at March 31: (An explanation la not required a wing compound journal entry acceptable)
