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beks73 [17]
2 years ago
13

The August 31 balance shown on the bank statement is $9,813.

Business
1 answer:
Andrej [43]2 years ago
7 0

Answer:

Adjusted Balance per bank $9,199

Adjusted Balance per books $9,199

Explanation:

Preparation of a bank reconciliation as of August 31

Balance per bank on August 31 $9,813

Add Deposit in transit $1,263

Less Outstanding checks ($1,877)

Adjusted Balance per bank $9,199

Balance per books on August 31 $9,371

Add Interest earned $116

Less Bank charge ($35)

Less Error in Books ($253)

($626-$373)

Adjusted Balance per books $9,199

Therefore the bank reconciliation as of August 31 will be:

Adjusted Balance per bank $9,199

Adjusted Balance per books $9,199

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Answer:

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Explanation:

from the question;

check per day; 20000

delay: 3 days

checks to pay suppliers; 17000

clearing time 2 days

<u>we first calculate collection flaot:</u>

collection flaot = average amount of check x outstanding days

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now we have to calculate <u>disbursements float:</u>

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with these two values we can get the net float

= collection flaot - disbursements float

= 60000 - 34000

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