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31-03-2020
Business

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At April 30, Tamarisk, Inc. has the following bank information: Cash balance per bank $7200 Outstanding checks $440 Deposits in transit $800 Credit memo for interest $15 Bank service charge $30 What is Tamarisk adjusted cash balance on April 30?

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oreoluwa2001ng oreoluwa2001ng

01-04-2020

Answer: $7,560

Explanation:

Cash balance per bank $7200

Less:

Outstanding checks. $440

Add:

Deposit in transit. $800

adjusted cash balance. $7,560

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