a. The bank statement balance is $7,650. b. The cash account balance is $6,422 c. Outstanding checks totaled $1,650. d. Deposits in transit are $900. e. The bank service charge is $22. f. Collection...

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Extracted text: a. The bank statement balance is $7,650. b. The cash account balance is $6,422 c. Outstanding checks totaled $1,650. d. Deposits in transit are $900. e. The bank service charge is $22. f. Collection of note by bank, $500. What is Hammond's reconciled adjusted cash balance on June 30?


Extracted text: If a bank reconciliation included deposits in transit amounting to $3,700, the journal entry to record this reconciling item should: А. debit Cash and credit Deposit in Transit for $3,700. В. debit Accounts Receivable and credit Cash for $3,700. С. No entry is required. D. debit Deposit in Transit and credit Cash for $3,700.