Easton co. 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 $69,209. easton's june bank statement shows $65,549 on deposit in the bank. determine the adjusted cash balance using the following information: deposit in transit $ 6,500 outstanding checks $ 2,825 check printing fee, not yet recorded by company $ 33 interest earned on account, not yet recorded by the company $ 48 the adjusted cash balance should
a. $60,224b. $60,239c. $60,194d. $56,424e. $62,149

Kiona co. set up a petty cash fund for payments of small amounts. the following transactions involving the petty cash fund occurred in may (the last month of the company's fiscal year). may 1 prepared a company check for $350 to establish the petty cash fund. 15 prepared a company check to replenish the fund for the following expenditures made since may 1. a. paid $109.20 for janitorial services. b. paid $89.15 for miscellaneous expenses. c. paid postage expenses of $60.90. d. paid $80.01 to the county gazette (the local newspaper) for an advertisement. e. counted $26.84 remaining in the petty cashbox. 16 prepared a company check for $200 to increase the fund to $550. 31 the petty cashier reports that $380.27 cash remains in the fund. a company check is drawn to replenish the fund for the following expenditures made since may 15. f. paid postage expenses of $59.10. g. reimbursed the office manager for business mileage, $47.05. h. paid $48.58 to deliver merchandise to a customer, terms fob destination. 31 the company decides that the may 16 increase in the fund was too large. it reduces the fund by $50, leaving a total of $500.