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Anuta_ua [19.1K]
2 years ago
14

A company's Cash account shows an ending balance of $4,600. Reconciling items included a bookkeeper error of $130 (a $500 check

recorded as $630), two outstanding checks totaling $830, a service charge of $25, a deposit in transit of $250, and interest revenue of $30. What is the adjusted book balance?
A. $5,180
B, $4,020
C. $4,465
D. $4,735
Business
1 answer:
alexgriva [62]2 years ago
7 0

Answer:

The answer is D. $4,735

Explanation:

Please find the below for detailed calculation and explanations:

The adjusted book balance = Ending balance of cash account + Bookkeeper error - Service charge + Revenue = 4,600 + 130 - 25 + 30 = $4,735

The reason why outstanding checks and deposit in transit are ignored is they were already recorded in accounting book at the time the transactions took place, thus, the book balance has not been wrongly recorded.

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when conducting a multi-criteria analysis, how would you determine the best option upon concluding the analysis?
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11 months ago
Even though the remainder of this assignment will focus on motivation, there are two additional determinants of job performance.
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Answer:

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