Question

Gunnar Company gathered the following reconciling information in preparing its September bank reconciliation. Calculate the adjusted cash balance per books on September 30. Cash balance per books, September 30 $ 3,217 Deposits in transit 566 Notes receivable and interest collected by bank 802 Bank charge for check printing 22 Outstanding checks 1,434 NSF check 102 a. $2,349 b. $3,027 c. $3,129 d. $3,895

Answer 1

Answer:

Hence, the adjusted cash balance per books on September 30 is $3,895

So, the correct option is d. $3,895

Explanation:

For computing adjusted cash balance per books, following transactions is need to be considered which is shown below:

Cash balance per books, September 30 = $3,217

Add : Notes receivable and interest collected by bank = $802

Less :  Bank charge for check printing = ($22)

Less : NSF check = (102)

So, Adjusted cash balance per books = $3,217 + $802 - $22 - $102

= $3,895

All other transactions are not considered. Hence, it is not been taken in the computation part.

Hence, the adjusted cash balance per books on September 30 is $3,895

So, the correct option is d. $3,895