Question

Question 31 Bramble Corp. gathered the following reconciling information in preparing its August bank reconciliation: Cash balance per books, 8/31 $27400 Deposits in transit 1200 Notes receivable and interest collected by bank 6700 Bank charge for check printing 160 Outstanding checks 15700 NSF check 1330 The adjusted cash balance per books on August 31 is

Answer 1

$32,610

Explanation:

The computation of adjusted cash balance per books is shown below:-

Adjusted cash balance per books = Beginning cash + Collection by bank - Charges of bank - NSF check

= $27,400 + $6,700 - $160 - $1,330

= $34,100 - $160 - $1,330

= $32,610

Therefore for computing the adjusted cash balance per books we have applied the above formula and we have take those things which are affecting the cash balance and rest we have not considered because they have related bank balance.