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?

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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