Nilson Company gathered the following reconciling information in preparing its August bank reconciliation: Cash balance per books, 8/31 $28,000 Deposits in transit 1,200 Notes receivable and interest collected by bank 6,800 Bank charge for check printing 160 Outstanding checks 16,000 NSF check 1,360 The adjusted cash balance per books on August 31 is
a. $33,280.
b. $32,080.
c. $18,400.
d. $19,680.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Nilson Company gathered the following reconciling information in preparing its August bank reconciliation: Cash balance per books, 8/31 ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
What are the benefits of researching different career clusters and pathways before choosing a career?
Answers (1)
Sierra Company manufactures soccer balls in two sequential processes: Cutting and Stitching. All direct materials enter production at the beginning of the Cutting process.
Answers (1)
Franklin corporation issues $50,000, 10%, five-year bonds on january 1 for $52,100. interest is paid semiannually on january 1 and july 1.
Answers (1)
Kertis, Inc. reported Net fixed assets as follows on its Balance sheets for December 31, 2011 and December 31, 2012: 2011 2012 Net fixed assets 200,000 250,000 On its 2012 Income statement, Kertis recorded depreciation expense of $23,000.
Answers (1)
Hotel Cortez is an all-equity firm that has 125000 shares of stock outstanding at a market price of $44.46 per share. The firm's management has decided to issue $80000 worth of debt and use the funds to repurchase shares of the outstanding stock.
Answers (1)
New Questions in Business
Kei produces results. he is scrupulously honest. he checks to see that his teammates have what they need. he always talks about his team's accomplishments, not his own. however, he fails to consider the impact of his company's actions on the public.
Answers (1)
Globalization increases the interdependency of the world's countries. Inflation in one country would most likely
Answers (1)
Push technology is used in a variety of Web-based advertising and marketing initiatives. True False
Answers (1)
Distribution Corporation collects 40 % of a month's sales in the month of sale, 55 % in the month following sale, and 5 % in the second month following sale.
Answers (1)
Which of the following is something that companies are likely to engage in with famous, well-publicized sports teams?
Answers (2)