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Zebu Inc manager was working on a bank reconciliation statement whereas he identified the following items: 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 He wants to know the adjusted cash balance figure: $34,600 $34,900 $32,500 $32,800 $37,100

Zebu Inc manager was working on a bank reconciliation statement whereas he identified the following items: 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 He wants to know the adjusted cash balance figure: $34,600 $34,900 $32,500 $32,800 $37,100

College Accounting (Book Only): A Career Approach
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter6: Bank Accounts, Cash Funds, And Internal Controls
Section: Chapter Questions
Problem 5DQ
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Zebu Inc manager was working on a bank reconciliation statement whereas he identified the following items:

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

He wants to know the adjusted cash balance figure:

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