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Working Backward: Bank Reconciliation

Dexter Company's bank reconciliation shows an adjusted cash balance of $3,254.33. The follow- ing items also appear on the reconciliation:

NSF check	$110.50
Deposit in transit	332.10
Interest earned	65.42
Outstanding checks	560.55
Bank service charges	30.00

Required

1. Determine the balance on the bank statement prior to adjustment.

2. Determine the balance on the books prior to adjustment.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91624318

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