Question

Gunnar Company gathered the following reconciling information in preparing its September bank reconciliation. Calculate the adjusted...

Gunnar Company gathered the following reconciling information in preparing its September bank reconciliation. Calculate the adjusted cash balance per books on September 30.

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Cash balance per books, 9/30

$2,750

Deposits in transit

200

Notes receivable and interest collected by bank

630

Bank charge for check printing

50

Outstanding checks

1,250

NSF check

290

Group of answer choices

A)$5,130

B)$3,690

C)$3,040

D)$1,590

which one is the correct answer?

Business   Accounting   
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Homework Answers

Answer #1
The adjusted cash balance per books on September 30
Particulars   Amount ($)
Cash balance per books, 9/30                    2,750
Add: Notes receivable and interest collected by bank                     630
Less: Bank charge for check printing                     (50)
Less: NSF check                   (290)
The adjusted cash balance per books on September 30                 3,040
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