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Jamison Company gathered the following reconciling information in preparing its June bank reconciliation: Cash balance per...

Jamison Company gathered the following reconciling information in preparing its June bank reconciliation:

Cash balance per bank, 6/30 $13,000
Note receivable collected by the bank 4,000
Outstanding checks 7,000
Deposits in transit 2,500
Bank service charge 35
NSF check 1,900
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Answer #1
Jamison Company
Calculation adjusted cash balance
Cash Balance as per bank statement $ 13,000
Add: Deposit in transit $    2,500
$ 15,500
Less: Outstanding checks $    7,000
Adjusted Cash balance per bank $    8,500
Adjusted Cash Balance $    8,500
Less: Note received by bank $ (4,000)
Add: Bank service charges $          35
Add: NSF Check $    1,900
Unadjusted cash balance as per book $    6,435

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