Question

Problem 2-12 (AICPA Adapted) In preparing the bank reconciliation for the month of December, Case Company provided the following data: Balance per bank statement: $3,800,000 Deposit in transit: $520,000 Amount erroneously credited by bank to Case's account: $40,000 Bank service charge for December: $5,000 NSF check: $50,000 Outstanding checks: $675,000 What is the unadjusted cash in bank balance per book? a. $3,550,000 b. $3,660,000 c. $3,610,000 d. $3,655,000

Name: problem 2 12 aicpa adapted in preparing the bank reconciliation for the month of december case company provided the following data balance per bank statement 3800000 deposit in transit 52000 95234
Uploaded: 2022-01-03T13:38:36-08:00
Duration: 1 min 34 s
Channel: Prashant Bana
Description: problem 2 12 aicpa adapted in preparing the bank reconciliation for the month of december case company provided the following data balance per bank statement 3800000 deposit in transit 52000 95234

          Problem 2-12 (AICPA Adapted) In preparing the bank reconciliation for the month of December, Case Company provided the following data: 
Balance per bank statement: $3,800,000 
Deposit in transit: $520,000 
Amount erroneously credited by bank to Case's account: $40,000 
Bank service charge for December: $5,000 
NSF check: $50,000 
Outstanding checks: $675,000 

What is the unadjusted cash in bank balance per book? 
a. $3,550,000 
b. $3,660,000 
c. $3,610,000 
d. $3,655,000

Added by Cheryl C.

Horngren’s Cost Accounting

Srikant M. Datar, Madhav V. Rajan 16th Edition

Instant Answer

Solved by Expert Prashant Bana

01/03/2022

Step 1

- Balance per bank statement = $3,800,000 Show more…

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Problem 2-12 (AICPA Adapted) In preparing the bank reconciliation for the month of December, Case Company provided the following data: Balance per bank statement: $3,800,000 Deposit in transit: $520,000 Amount erroneously credited by bank to Case's account: $40,000 Bank service charge for December: $5,000 NSF check: $50,000 Outstanding checks: $675,000 What is the unadjusted cash in bank balance per book? a. $3,550,000 b. $3,660,000 c. $3,610,000 d. $3,655,000