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Author Question: The August bank statement for Jenn's Nursing Service shows a balance of $8,900, but the balance per ... (Read 27 times)

a0266361136

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on: Nov 11, 2019
The August bank statement for Jenn's Nursing Service shows a balance of $8,900, but the balance per the ledger account shows a cash balance of $8,310. Other information includes

1. A cheque for $10 was recorded on the books as $100.
2. Included on the bank statement was a note collected by the bank for $600 plus $40 interest.
3. Cheques outstanding totalled $480.
4. Bank service charges were $20.
5. Deposits in transit were $600.

The adjusted cash balance at the end of August should be
◦ $8,770.
◦ $9,660.
◦ $8,840.
◦ $9,020.
College Accounting: A Practical Approach ¦ Slater, Zwicker ¦ 12th Edition
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Marked as best answer by a0266361136 on Nov 11, 2019

ngr69

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Reply #1 on: Nov 11, 2019
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a0266361136

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

xiaomengxian

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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