Question

A company received a bank statement with a balance of $ 6 comma 000.Reconciling items included a bookkeeper error of $ 300long dasha$ 300check recorded as $ 700long dashtwooutstanding checks totaling $ 810​,a service charge of $ 21​,a deposit in transit of $ 250​,and interest revenue of $ 22.What is the adjusted bank​ balance?

Answer 1

The adjusted bank​ balance is $5,293

Step-by-step explanation:

In order to calculate the adjusted bank​ balance we would have to make the following calculation:

adjusted bank​ balance=Bank balance as per bank statement+Deposit in transit+Bank Service Charge+Interest revenue-Outstanding Checks-Error made by book keeper

adjusted bank​ balance=$6,000+$250+$21+$22-$700-$300

adjusted bank​ balance=$5,293

The adjusted bank​ balance is $5,293