Gunnar Company gathered the following reconciling information in preparing its September bank reconciliation. Cash balance per company records, September 30 $2,367 340 Deposits in transit Notes receivable and interest collected by bank 783 Bank charge for check printing 29 Outstanding checks 1,543 NSF check 184 Determine the adjusted balance on September 30. Oa. $1,734 Ob. $2,937 Oc. $1,918 Od. $1,164

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter8: Fraud, Internal Controls, And Cash
Section: Chapter Questions
Problem 9EA: Using the following information, prepare a bank reconciliation. Bank balance: $4,587 Book balance:...
icon
Related questions
Question
Gunnar Company gathered the following reconciling information in preparing its September bank reconciliation.
Cash balance per company records, September 30
$2,367
340
Deposits In transit
Notes receivable and interest collected by bank
783
Bank charge for check printing
29
Outstanding checks
1,543
NSF check
184
Determine the adjusted balance on September 30.
Oa. $1,734
Ob. $2,937
Oc. $1,918
Od. $1,164
Transcribed Image Text:Gunnar Company gathered the following reconciling information in preparing its September bank reconciliation. Cash balance per company records, September 30 $2,367 340 Deposits In transit Notes receivable and interest collected by bank 783 Bank charge for check printing 29 Outstanding checks 1,543 NSF check 184 Determine the adjusted balance on September 30. Oa. $1,734 Ob. $2,937 Oc. $1,918 Od. $1,164
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Bank reconciliation statement
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Principles of Accounting Volume 1
Principles of Accounting Volume 1
Accounting
ISBN:
9781947172685
Author:
OpenStax
Publisher:
OpenStax College
Financial Accounting
Financial Accounting
Accounting
ISBN:
9781337272124
Author:
Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:
Cengage Learning
Financial And Managerial Accounting
Financial And Managerial Accounting
Accounting
ISBN:
9781337902663
Author:
WARREN, Carl S.
Publisher:
Cengage Learning,
College Accounting (Book Only): A Career Approach
College Accounting (Book Only): A Career Approach
Accounting
ISBN:
9781337280570
Author:
Scott, Cathy J.
Publisher:
South-Western College Pub
Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
Accounting
ISBN:
9781305961883
Author:
Carl Warren
Publisher:
Cengage Learning
Financial Accounting: The Impact on Decision Make…
Financial Accounting: The Impact on Decision Make…
Accounting
ISBN:
9781305654174
Author:
Gary A. Porter, Curtis L. Norton
Publisher:
Cengage Learning