On November 30, 2014, Chee Company's bank statement showed an ending balance of $16,841. The following information is available about Chee's account:
1. Debit memo in bank statement for bank service charge, $39
2. Deposit in transit, $1,988
3. Outstanding checks, $2,156
4. Customer's NSF check for $723 was returned with the bank statement
Required:
a) Determine the true cash balance as of November 30, 2014
b) Determine the unadjusted balance of the company's Cash account as of November 30, 2014.

Question

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The Answer of On November 30, 2014, Chee Company's bank statement showed an ending balance of $16,841. The following information is available about Chee's account:
1. Debit memo in bank statement for bank service charge, $39
2. Deposit in transit, $1,988
3. Outstanding checks, $2,156
4. Customer's NSF check for $723 was returned with the bank statement
Required:
a) Determine the true cash balance as of November 30, 2014
b) Determine the unadjusted balance of the company's Cash account as of November 30, 2014.

On November 30, 2014, Chee Company's Bank Statement Showed an Ending