Meredith Company gathered the following reconciling information in preparing its May bank reconciliation:Cash balance per books, 5/31$3,130Deposits in transit265Notes receivable and interest collected by bank980Bank charge for check printing37Outstanding checks1,248NSF check200Find the adjusted cash balance per books on May 31.Select the correct answer.a-$1,245b-$2,927c-$2,147d-$3,873

Bank Reconciliation Bank Reconciliation Statement is a document which shows that the cash balance in…

Answered: Meredith 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 9EA: Using the following information, prepare a bank reconciliation. Bank balance: $4,587 Book balance:...

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Meredith Company gathered the following reconciling information in preparing its May bank reconciliation:

Cash balance per books, 5/31	$3,130
Deposits in transit	265
Notes receivable and interest collected by bank	980
Bank charge for check printing	37
Outstanding checks	1,248
NSF check	200

Find the adjusted cash balance per books on May 31.

Select the correct answer.

a-$1,245

b-$2,927

c-$2,147

d-$3,873

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