Question

A company's Cash account shows an ending balance of $4,600. Reconciling items included a bookkeeper error of $105 (a $525 check recorded as $630), two outstanding checks totaling $830, a service charge of $20, a deposit in transit of $260, and interest revenue of $33. What is the adjusted book balance

Answer 1

$5,275

Step-by-step explanation:

Bank Reconciliation Statement

Balance as per Cash Book $4,600

Add check error $105

Add unpresented checks $830

Less Lodgments not yet credited ($260)

Balance as per Bank Statement $5,275

therefore,

The adjusted Cash book balance is $5,275