On June 30, a company had $1,924 in its cash account according to its general ledger. This included a deposit of $174 that was in transit on June 30th. The June 30th bank statement contained the following information:
Assuming outstanding checks of $338, what is the company's adjusted cash balance at June 30th?

Question

On June 30, a company had $1,924 in its cash account according to its general ledger. This included a deposit of $174 that was in transit on June 30th. The June 30th bank statement contained the following information: 
Assuming outstanding checks of $338, what is the company's adjusted cash balance at June 30th?

Quizplus · Accepted Answer

The Answer of On June 30, a company had $1,924 in its cash account according to its general ledger. This included a deposit of $174 that was in transit on June 30th. The June 30th bank statement contained the following information: 
Assuming outstanding checks of $338, what is the company's adjusted cash balance at June 30th?

On June 30, a Company Had $1,924 in Its Cash