Discuss an account receivable for ramsey company


Ramsey Company's true cash balance at October 31, 2013 is $4,700. The following information is available for the bank reconciliation:

  • Outstanding checks, $740
  • Deposits in transit, $540
  • Bank service charges, $110

1. The bank had collected an account receivable for Ramsey Company, $1,200
2. The bank statement included an NSF check written by one of Ramsey's customers for $720.
3. Based on this information Ramsey's unadjusted book balance at October 31 is?

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: Discuss an account receivable for ramsey company
Reference No:- TGS0695260

Expected delivery within 24 Hours