Question

A company received a bank statement with a balance of $ 6 comma 300. Reconciling items included a bookkeeper error of $ 400long dasha $ 400 check recorded as $ 600long dashtwo outstanding checks totaling $ 820​, a service charge of $ 22​, a deposit in transit of $ 260​, and interest revenue of $ 22. What is the adjusted bank​ balance?

Answer 1

Bank adjusted balance 5,720

Step-by-step explanation:

6,300

-840 outstanding check

+260 deposit in ransit

5,720 bank adjustment balance

Notes:

• the bookkepper error needs to be done on books cash account

• the service charge are included in the bank statemnt, is at adjustment to the book cash

• the interest revenue is also 22 an adjustment for the book cash account