Determine the adjusted cash balance per bank for Sam's Packaging on November 30,from the following information:
$$\begin{array} { | l | r | }
\hline \text { Cash balance on the bank statement } & \$ 3,350 \
\hline \text { Customer's check returned-NSF } & 500 \
\hline \text { Customer's note collected by the bank } & 600 \
\hline \text { Deposits in transit, November 30 } & 1,400 \
\hline \text { Outstanding checks, November 30 } & 3,650 \
\hline
\end{array}$$
A)$1,250
B)$1,100
C)$1,550
D)$1,350

Question

Determine the adjusted cash balance per bank for Sam's Packaging on November 30,from the following information:
$$\begin{array} { | l | r | } 
\hline \text { Cash balance on the bank statement } & \$ 3,350 \
\hline \text { Customer's check returned-NSF } & 500 \
\hline \text { Customer's note collected by the bank } & 600 \
\hline \text { Deposits in transit, November 30 } & 1,400 \
\hline \text { Outstanding checks, November 30 } & 3,650 \
\hline
\end{array}$$
A)$1,250
B)$1,100
C)$1,550
D)$1,350

Quizplus · Accepted Answer

The Answer of Determine the adjusted cash balance per bank for Sam's Packaging on November 30,from the following information:
$$\begin{array} { | l | r | } 
\hline \text { Cash balance on the bank statement } & \$ 3,350 \
\hline \text { Customer's check returned-NSF } & 500 \
\hline \text { Customer's note collected by the bank } & 600 \
\hline \text { Deposits in transit, November 30 } & 1,400 \
\hline \text { Outstanding checks, November 30 } & 3,650 \
\hline
\end{array}$$
A)$1,250
B)$1,100
C)$1,550
D)$1,350

Determine the Adjusted Cash Balance Per Bank for Sam's Packaging