The adjusted cash balance at the end of August should be $8,180.
<h3>The May bank statement for Accounting Services shows a balance of $6,300, but the balance per books shows a cash balance of $7,980. Other information includes the following:</h3>
-A check for $200 to pay the electric bill was recorded on the books as $20.
-Included on the bank statement was a note collected by the bank for $400 plus interest of $30.
-Checks outstanding totaled $260.
-Bank service charges were $50.
-Deposits in transit were $2,140.
The adjusted cash balance at the end of August should be
A. $7,980.
B. $9,810.
C. $7,620.
D. $8,180.
Solution:
$6,300 + 2,140 - 260 = $8,180.
$7,980 - 180 - 50 + 430 = $8,180
The adjusted cash balance at the end of August should be
D. $8,180.
To learn more about the sum, refer
brainly.com/question/9682084
#SPJ4
