Clayborn Company deposits all cash receipts on the day they are received and makes all cash payments by check. At the close of business on May 31, its Cash account shows a debit balance of $23,025. Clayborn's May bank statement shows $20,600 on deposit in the bank. Determine the adjusted cash balance using the following information: Deposit in transit $ 7,000 Outstanding checks $ 5,800 Bank service fees, not yet recorded by company $ 85 A NSF check from a customer, not yet recorded by the company $ 1,140 The adjusted cash balance should be:

Adjusted cash balance = $21,800

Explanation:

A bank reconciliation statement is a document that shows the  cash balance on a company’s balance sheet to match with the amount on its bank statement.  This statement helps the company in maintaining  correct cash records thereby eliminating any form of cash manipulation.

To determine , the adjusted cash balance, we prepare a Reconciliation statement document.

Clayborn Company Bank Reconciliation statement  ending May 31st.

Cash balance by bank statement                    $20,600

Deposit in transit(add)                                       +$7000

Less Outstanding checks                                  -$5,800

Adjusted cash balance                                        $21,800

Cash balance from Clayborn record               $23,025

less Ban service fees                                        -$ 85

less NSF Check                                                 -$1140

Adjusted cash balance                                    $21,800

answer; (covenant); good luck

x=3

step-by-step explanation:

this is really simple i saw that there was only one term (5x) and thought if that was 15 what would i have to multiply everything else to get it there? well if 5x became 15 then x would have to be 3 so plug the 3 in the x for the other equations and you get 15 for the other ones. so there you go. : )