Homework Help is Here – Start Your Trial Now!
Business
Accounting
Gunnar Company gathered the following reconciling information in preparing its September bank reconciliation. Cash balance per company records, September 30 $2,076 Deposits in transit 536 Notes receivable and interest collected by bank 820 Bank charge for check printing 32 Outstanding checks 1,427 NSF check 111 Determine the adjusted balance on September 30. a.$2,753 b.$1,185 c.$1,973 d.$1,862

Gunnar Company gathered the following reconciling information in preparing its September bank reconciliation. Cash balance per company records, September 30 $2,076 Deposits in transit 536 Notes receivable and interest collected by bank 820 Bank charge for check printing 32 Outstanding checks 1,427 NSF check 111 Determine the adjusted balance on September 30. a.$2,753 b.$1,185 c.$1,973 d.$1,862

Principles of Accounting Volume 1
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:...
See similar textbooks
icon
Related questions
Question
100%

Gunnar Company gathered the following reconciling information in preparing its September bank reconciliation.

Cash balance per company records, September 30 $2,076
Deposits in transit 536
Notes receivable and interest collected by bank 820
Bank charge for check printing 32
Outstanding checks 1,427
NSF check 111
Determine the adjusted balance on September 30.

a.$2,753
b.$1,185
c.$1,973
d.$1,862

Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 1 images

SEE SOLUTIONCheck out a sample Q&A here
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
Corporate Financial Accounting
Corporate Financial Accounting
Accounting
ISBN:
9781305653535
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
Century 21 Accounting Multicolumn Journal
Century 21 Accounting Multicolumn Journal
Accounting
ISBN:
9781337679503
Author:
Gilbertson
Publisher:
Cengage
Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
Accounting
ISBN:
9781305961883
Author:
Carl Warren
Publisher:
Cengage Learning
SEE MORE TEXTBOOKS