Business, 24.03.2020 20:54 bamagirl3871

Diablo Cars maintains a checking account at American Bank. Bank statements are prepared at the end of each month. The December bank statement contained the following information: Balance, December 1 $3,391 Deposits 44,600 Checks processed (43,518) Service charges (38) NSF checks (600) Balance, December 31 $3,835 The checks that were processed by the bank in December include all of the outstanding checks at the end of November except for a check of $295 from a client recorded correctly in the ledger but which had not yet been processed by the bank. The company’s general ledger checking account showed the following for December: $4,768. What should be Diablo car’s adjusted balance on its ledger?

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Diablo Cars maintains a checking account at American Bank. Bank statements are prepared at the end o...

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