Question

Rodgers company gathered the following reconciling information in preparing its may bank reconciliation. calculate the adjusted cash balance per books on may 31. cash balance per books, 5/31 $4,487 deposits in transit 238 notes receivable and interest collected by bank 836 bank charge for check printing 42 outstanding checks 1,289 nsf check 169

a. $5,112
b. $4,103
c. $1,074
d. $3,436

Answer 1

The adjusted cash balance per books on May 31 is $5,112.

Step-by-step explanation:

To calculate the adjusted cash balance per books on May 31, we need to consider the reconciling information provided by Rodgers Company. Here are the steps:

1. Start with the cash balance per books on May 31, which is $4,487.
2. Add any deposits in transit, which in this case is $238.
3. Add any notes receivable and interest collected by the bank, which is $836.
4. Subtract any bank charges for check printing, which is $42.
5. Subtract any outstanding checks, which is $1,289.
6. Subtract any NSF (non-sufficient funds) check, which is $169.

Therefore, the adjusted cash balance per books on May 31 is $5,112, option a.