At March 31,Cummins Co.had an unadjusted balance in its cash account of $10,400.At the end of March,the company determined that it had outstanding checks of $900,deposits in transit of $600,a bank service charge of $20,and an NSF check from a customer for $200.What is the true cash balance at March 31?

Question

Quizplus · Accepted Answer

True cash balance = Unadjusted book balance of $10,400 -Service charge of $20 -NSF check of $200 = $10,180