Question

In the process of reconciling Marks Enterprises' bank statement for September, Mr. Marks compiles the following information: Cash balance per company books on September 30 $ 6,220 Deposits in transit at month-end $ 1,410 Outstanding checks at month-end $ 730 Bank charge for printing new checks $ 100 Note receivable and interest collected by bank on Marks' behalf $ 660 A check given to Marks during the month by a customer is returned by the bank as NSF $ 590 The adjusted cash balance per the books on September 30 is:

Answer 1

$6,190

Step-by-step explanation:

Particulars Amount

Cash balance per company books $6,220

Add: Note receivable and interest collected $660

Less: Bank charge for printing new checks $100

Less: NSF check $590

The adjusted cash balance $6,190

So, the adjusted cash balance per the books on September 30 is $6,190