Derek Company gathered the following reconciling information in preparing its September bank reconciliation:Cash balance per books, 9/30$2,945Deposits in transit568Notes receivable and interest collected by bank873Bank charge for check printing27Outstanding checks1,207NSF check145Find the adjusted cash balance per books on September 30.Select the correct answer.$3,007$2,306$3,152$3,646

Deposit in transit and outstanding checks are adjusted in bank statement and other items in cash…

Answered: Derek Company gathered the following…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter8: Fraud, Internal Controls, And Cash

Section: Chapter Questions

Problem 7EA: Using the following information, prepare a bank reconciliation. Bank balance: $3,678 Book balance:...

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Derek Company gathered the following reconciling information in preparing its September bank reconciliation:

Cash balance per books, 9/30	$2,945
Deposits in transit	568
Notes receivable and interest collected by bank	873
Bank charge for check printing	27
Outstanding checks	1,207
NSF check	145

Find the adjusted cash balance per books on September 30.

Select the correct answer.

$3,007

$2,306

$3,152

$3,646

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