Ask Question
5 January, 11:11

In preparing its August 31, 2010 bank reconciliation, Adel Corp. has available the following information:

Balance per bank statement, 8/31/10 $21,650

Deposit in transit, 8/31/10 3,900

Return of customer's check for insufficient funds, 8/30/10 600

Outstanding checks, 8/31/10 2,750

Bank service charges for August 100

At August 31, 2010, Adel's correct cash balance is

A.$22,800.

B.$22,200.

C.$22,100.

+4
Answers (1)
  1. 5 January, 11:34
    0
    Answer: C $22,100

    Explanation: Bank Reconciliation

    8/31/10 Bank Balance $21,650

    Add:

    8/31/10 Deposit in transit. $3,900

    Less:

    8/31/10 Outstanding Chq. $2,750

    8/30/10 Rtd Chq. $600

    8/31/10 Bank Charges. $100

    Cash book balance $22,100
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “In preparing its August 31, 2010 bank reconciliation, Adel Corp. has available the following information: Balance per bank statement, ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers