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16 April, 19:34

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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  1. 16 April, 19:48
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    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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