Answer:
its option E
Explanation:
We can use the bank reconciliation statement to find out the correct amount of July bank disbursements. Let's go through each reconciling item one by one:1. Bank error disbursement for 57 recorded twice in July- This means that the bank recorded a disbursement of 57 dollars twice in their records. This would cause the bank balance to decrease by 57 dollars more than it should have. So, we need to add back 57 dollars to the disbursements in the bank statement.2. July NSF check of 59 recorded by the bank as a disbursement and by the books as a negative receipt - This means that the bank recorded the check as a disbursement but it was not cleared due to insufficient funds. The books recorded it as a negative receipt to reflect this fact. So, we need to subtract 59 dollars from the disbursements in the bank statement.3. NSF check of 54 recorded by the bank as an August disbursement - This means that the bank recorded the check as a disbursement in August but it was actually written in July. So, we need to subtract 54 dollars from the disbursements in the bank statement.Let's start with the June 30 balance of 80 dollars.Adding July receipts of 5200 dollars gives us a total of 5280 dollars.Subtracting the reconciling item 1 of 57 dollars gives us 5223 dollars.Adding reconciling item 2 of 59 dollars gives us 5282 dollars.Subtracting reconciling item 3 of 54 dollars gives us a final amount of 5228 dollars.Therefore, the correct amount of July bank disbursements is $5228.Option e. $270 is not the correct answer.
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