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3 March, 04:39

Candy Claws Company gathered the following reconciling information in preparing its August bank reconciliation: Cash balance per books, 8/31 $19,500 Deposits in transit 900 Notes receivable and interest collected by bank 4,800 Bank charge for check printing 120 Outstanding checks 12,000 NSF check 1,020 The adjusted cash balance per books on August 31 is

a. $11,160.

b. $12,060.

c. $23,160.

d. $24,060.

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Answers (1)
  1. 3 March, 07:53
    0
    c. $23,160

    Explanation:

    Adjusted cash balance per books as at August 31

    Cash balance per book $19,500

    Add Notes receivable and interest collected by bank $4,800

    ($19,500+$4800) $24,300

    Less: (Deposits in transit $900

    -NSF check 1,020) ($120)

    NSF check (1,020)

    Cash balance per books $23,160
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