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Studentka2010 [4]
2 years ago
8

Hector Company gathered the following reconciling information in preparing its March bank reconciliation: Cash balance per books

, 3/31 $12,000 Notes receivable collected by bank 6,000 Outstanding checks 9,000 Deposits in transit 4,500 Bank service charge 75 NSF check 1,200 Using the above information, determine the adjusted cash balance for March.
Business
1 answer:
malfutka [58]2 years ago
8 0

Answer:

adjusted cash balance  = $16725

Explanation:

given data

Cash balance per books = $12000

Notes receivable = 6,000

Outstanding checks = 9,000

Deposits in transit =  4,500

Bank service charge =  75

NSF check =  1,200

to find out

determine the adjusted cash balance

solution

we get here adjusted cash balance will be as

adjusted cash balance = Cash balance per books + Notes receivable - Bank service charge - NSF check   ...............1

put here value

adjusted cash balance = $12000 + $6000 - $75 - $1200

adjusted cash balance  = $16725

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