Jamison Company developed the following reconciling information in preparing its June bank reconciliation:

Using the above information,determine the cash balance per books (before adjustments)for the Jamison Company.

Question

Jamison Company developed the following reconciling information in preparing its June bank reconciliation:

Using the above information,determine the cash balance per books (before adjustments)for the Jamison Company.

Quizplus · Accepted Answer

The cash balance per books (before adjustments) can be calculated by taking the balance per bank statement ($8,065) and subtracting outstanding checks ($1,200) and adding deposits in transit ($670). 
Therefore, cash balance per books (before adjustments) = $8,065 - $1,200 + $670 = $6,435. Hence, option D is the correct answer.

Jamison Company Developed the Following Reconciling Information in Preparing Its