Ask Question
22 March, 21:23

If the month-end bank statement shows a balance of $54,000, outstanding checks are $15,000, a deposit of $6,000 was in transit at month end, and a check for $900 for non-sufficient funds charged by the bank against the account, the correct balance in the adjusted balance per bank at month end is Group of answer choices $45,000. $44,100. $62,100. $75,000.

+3
Answers (1)
  1. 22 March, 21:59
    0
    A. $45,000

    Explanation:

    We have to use bank reconciliation statement to find the adjusted balance per bank at the end of month. Although we do not have cash balance, we will use the bank part to adjust the bank balance.

    Bank balance as per month end $54,000

    Add: Deposit in transit $6,000

    $60,000

    Less: Outstanding check $ (15,000)

    Adjusted bank balance $45,000

    Note: Non-sufficient funds will be deducted from cash book.

    Therefore, option A is the answer.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “If the month-end bank statement shows a balance of $54,000, outstanding checks are $15,000, a deposit of $6,000 was in transit at month ...” 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