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Author Question: The May bank statement for Accounting Services shows a balance of $6,300, but the balance per books ... (Read 26 times)

jake

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The May bank statement for Accounting Services shows a balance of $6,300, but the balance per books shows a cash balance of $7,980. Other information includes

1. A cheque for $200 to pay the electric bill was recorded on the books as $20.
2. Included on the bank statement was a note collected by the bank for $300 plus interest of $30
3. Cheques outstanding totaled $360.
4. Bank service charges were $50.
5. Deposits in transit were $2,140.

The adjusted cash balance at the end of August should be
◦ $9,810.
◦ $8,080.
◦ $7,980.
◦ $7,620.


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Marked as best answer by jake on Nov 11, 2019

jennafosdick

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jake

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Reply 2 on: Nov 11, 2019
YES! Correct, THANKS for helping me on my review


kishoreddi

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Reply 3 on: Yesterday
Excellent

 

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