Question

odgers Company gathered the following reconciling information in preparing its May bank reconciliation. Calculate the adjusted cash balance per books on May 31. Cash balance per books, 5/31 $4,012 Deposits in transit 136 Notes receivable and interest collected by bank 746 Bank charge for check printing 43 Outstanding checks 1,135 NSF check 154

Answer 1

Answer:Adjusted Cash Balance per books =$4,561

Step-by-step explanation:

Adjusted cash balance per books = cash balance per books on 5/31 + note receivable and interest collected by bank - bank charges for check printing - NSF Check

Cash balance per books on May 31 $4,012

Add:

Notes receivable and interest collected

$746

Deduct :

Bank charges for printing $43

NSF check = $154

Adjusted Cash Balance per books $4,561

Deposit in transit and outstanding checks are adjustments on the balance sheet for the bank reconciliation and will not be treated in the adjusted cash balance per books of the company.