Question

if the month-end bank statement shows a balance of $36,000, outstanding checks are $10,000, a deposit of $4,000 was in transit at month end, and a check for $600 was erroneously charged by the bank against the account, the adjusted bank statement ending balance should be:

Answer 1

Adjusted bank balance amount = $30600

Step-by-step explanation:

Computation table;

Particular Amount

Bank balance $36,000,

Less : Outstanding checks $10,000

$26,000

Add: deposit end of month $4,000

Add : Bank charged $600

Adjusted bank balance amount $30,600