Question

When preparing the bank reconciliation for Mac's

Flower Shoppe, the following items were noted by
the accountant on the bank statement for June:
Deposits in transit $1,430; Outstanding checks $580;
Bank service charges $76; and a NSF check returned
by the bank $200. What is the adjusted cash balance
per the books if the accounting records initially
showed a balance of $2,100 on June 30?

Answer 1

$1,824

Step-by-step explanation:

Adjusted cash balance per the books

Previous balance $2,100

Less: Bank charges $76

Cancelled NF Check $200

Adjusted cash balance $1,824

Thus, the adjusted cash balance per the books if the accounting records initially showed a balance of $2,100 on June 30 is $1,824