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East Company deposits all cash receipts on the day they are received and makes a...
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East Company deposits all cash receipts on the day they are received and makes all cash payments by check. At the close of business on June 30, its Cash account shows a debit balance of $66,209. East's June bank statement shows a $63,149 balance in the bank. Determine the adjusted cash balance using the following information:
| Deposit in transit | $ 5,600 |
|---|---|
| Outstanding checks | $ 2,525 |
| Check printing fee, not yet recorded by company | $ 27 |
| Interest earned, not yet recorded by the company | $ 42 |
The adjusted cash balance should be:
0%
100%
0%
0%
0%