What are the total credits on the cash account, Accounting Basics

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What are the total credits on the cash account

Problem

AB Ltd. had $3,630 in outstanding cheques at the end ofJuly and half of that amount in deposits in transit. Bank service charges are $52 for July and there are no other reconciling items in the July bank reconciliation.

Task

a) By how much the adjusted balance shown on the balance sheet is higher or lower than the trial balance?

b) What are the total credits on the cash account because of the Adjusting Journal entries based on the above information?

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Accounting Basics: What are the total credits on the cash account

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Accounting Basics: What are the total credits on the cash account

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