Answer:
a. $4,160.
Explanation:
The bank reconciliation is one done between the balance per the books and balance per the bank statement. This is usually as a result of transactions known as reconciling items.
These are items that have either been recognized in books but yet to be recorded by the bank or vice versa, transactions recorded wrongly by one of the parties etc.
The adjusted cash book balance is one that contains the necessary adjustments to transactions captured in the bank statement but yet to be recorded in the books.
The adjusting items are
- Notes receivable and interest collected by bank 850
- Bank charge for check printing 20
- NSF check 170
Hence the adjusted cash balance
= $3500 + $850 - $20 - $170
= $4,160
<em> 7*|15 80 | =|105 560|</em>
<em> 7*|15 80 | =|105 560||40 100| |280 700|</em>
<em> 7*|15 80 | =|105 560||40 100| |280 700|HERE'S YOUR ANSWER </em>
<em> 7*|15 80 | =|105 560||40 100| |280 700|HERE'S YOUR ANSWER ◌⑅⃝●♡⋆♡MICKZMINNZ♡⋆♡●⑅◌</em>
PLATO ANSWER: Alternative Goods
Hope this helps! I got it correct also so I know its correct!
The correct answer is exchange or trade
