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company was preparing a bank reconciliation statement as of September 30, 2020. The following were identified: Book balance =$32,800 Deposit in Transit = $4,300 Outstanding checks = $2,200 Interest earned on checking account =$100 Customer NSF check returned by bank =$400 The adjusted cash balance as at September 30, 2020 will be, $34,600

company was preparing a bank reconciliation statement as of September 30, 2020. The following were identified: Book balance =$32,800 Deposit in Transit = $4,300 Outstanding checks = $2,200 Interest earned on checking account =$100 Customer NSF check returned by bank =$400 The adjusted cash balance as at September 30, 2020 will be, $34,600

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter6: Cash And Receivables
Section: Chapter Questions
Problem 11MC
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A company was preparing a bank reconciliation statement as of September 30, 2020. The following were identified:

Book balance =$32,800

Deposit in Transit = $4,300

Outstanding checks = $2,200

Interest earned on checking account =$100

Customer NSF check returned by bank =$400

The adjusted cash balance as at September 30, 2020 will be,

  1. $34,600
  2. $34,900
  3. $32,500
  4. $32,800
  5. $37,100

 

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