Calculating the Adjusted Cash Balance Per Books
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At August 31, Felipe Company has a cash balance per books of $8,011 and the following additional data from the bank statement: charge for printing Felipe
Company checks $41, interest earned on checking account balance $45, and outstanding checks $870. Determine the adjusted cash balance per books at
August 31.
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Solution Summary
This solution illustrates how to calculate the adjusted cash balance per the company's books.
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Please see the attached Excel 97-2003 spreadsheet.
At August 31, Felipe Company has a cash balance per books of $8,011 and the following ...
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