Ask Question
14 October, 21:10

A company's Cash account shows an ending balance of $4,200. Reconciling items included a bookkeeper error of $50 (a $550 check recorded as $600), two outstanding checks totaling $810, a service charge of $25, a deposit in transit of $280, and interest revenue of $33. What is the adjusted book balance?

+4
Answers (1)
  1. 14 October, 21:19
    0
    Adjusted book balance will be $4258

    Explanation:

    We have given ending book balance = $4200

    Error in recording = $50

    Interest revenue = $33

    And service charge = $25

    We have to find the adjusted book balance

    Adjusted book balance is given by

    Adjusted book balance = Ending book balance + error in recording + interest revenue - service charge = $4200+$50+$33-$25=$4258
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “A company's Cash account shows an ending balance of $4,200. Reconciling items included a bookkeeper error of $50 (a $550 check recorded as ...” 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