Question

Rodgers 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, May 31 $3,445 Deposits in transit 214 Notes receivable and interest collected by bank 818 Bank charge for check printing 43 Outstanding checks 1,736 NSF check 165 a.$1,923 b.$2,576 c.$4,055 d.$1,032

Answer 1

Answer:

c. $4,055

Explanation:

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

= 3445 + 818 - 43 -165

= $4055