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16 May, 13:53

Given the following information, determine the adjusted cash balance per books from the following information: a. Balance per books as of June 30, $8,600. b. Outstanding checks, $820. c. NSF check returned with bank statement, $130. d. Deposit mailed the afternoon of June 30, $300. e. Check printing charges, $30. f. Interest earned on checking account, $12.

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  1. 16 May, 15:42
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    The adjusted cash balance per books is $8,452

    Explanation:

    The calculation of adjusted cash balance per books is shown below:

    = Balance per books + Interest earned on checking account - NSF check returned with bank statement - Check printing charges

    = $8,600 + $12 - $130 - $30

    = $8,452

    Other costs like Deposit mailed the afternoon and Outstanding checks are irrelevant while calculation.

    Thus, the adjusted cash balance per books is $8,452.
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