Answer:
Adjusted Balance as per bank statement = $15,095
Adjusted Balance as per book = $15,095
Explanation:
given data
Balance per bank = $16,750
Balance per company records = 16,125
Bank service charges = 80
Deposit in transit = 2,195
NSF check = 950
Outstanding checks = 3,850
to find out
What is the adjusted balance on the bank reconciliation
solution
first we get here Adjusted Balance as per bank statement that is express as
Adjusted Balance as per bank statement = Balance per bank + Deposit in transit Outstanding checks .......................1
put here value
Adjusted Balance as per bank statement = $16,750 + $2,195 - $3,850
Adjusted Balance as per bank statement = $15,095
and
Adjusted Balance as per book will be here as
Adjusted Balance as per book = Balance per company record - Bank Service charges - NSF checks ......................2
put here value
Adjusted Balance as per book = $16,125 - $80 - $950
so
Adjusted Balance as per book = $15,095
