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Electric Sunset Company gathered the following reconciling information in preparing its July bank reconciliation: Cash balance per books, 7/31 - $5,500 Deposits in transit - 300 Notes receivable and interest collected by bank - 1,100 Bank charge for check printing - 20 Outstanding checks - 2,000 NSF check - 170 The adjusted cash balance per bank on July 31 is ________.a) $4,410.

b) $6,410.
c) $6,710.
d) $4,710.

User Yasskier
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Answer:

b.$6,410

Step-by-step explanation:

Cash Balance per books $5,500

Note receivable and interest collected $1,100

Bank Charges for check printing ($20)

NSF Check ($170)

Adjusted balance per cash book $6,410

Please note that outstanding checks and deposits in transit will be recorded in bank balance therefore ignored in our working as above.

User Jumoel
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