Homework SourseJamison Company developed the following reconciling informat
Jamison Company developed the following reconciling information in preparing its June bank reconciliation: Cash balance per bank, 6/30 $12,545 Note receivable collected by bank 7,336 Outstanding checks 5,814 Deposits-in-transit 4,133 Bank service charge 92 NSF check 2,032 Using the above information, determine the cash balance per books (before adjustments) for Jamison Company. $5,652 $10,864 $16,076 $17,757
Solution
A$5,652.
| balance as per bank | 12,545 |
| less: note collected by bank | (7,336) |
| less: outstanding checks | (5,814) |
| add; deposit in transit | 4,133 |
| add; bank service charge | 92 |
| add: NSF check | 2,032 |
| cash balance per books | 5,652 |
