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24 September, 12:15

Hector Company gathered the following reconciling information in preparing its March bank reconciliation: Cash balance per books, 3/31 $12,000 Notes receivable collected by bank 6,000 Outstanding checks 9,000 Deposits in transit 4,500 Bank service charge 75 NSF check 1,200 Using the above information, determine the adjusted cash balance for March.

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  1. 24 September, 12:35
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    adjusted cash balance = $16725

    Explanation:

    given data

    Cash balance per books = $12000

    Notes receivable = 6,000

    Outstanding checks = 9,000

    Deposits in transit = 4,500

    Bank service charge = 75

    NSF check = 1,200

    to find out

    determine the adjusted cash balance

    solution

    we get here adjusted cash balance will be as

    adjusted cash balance = Cash balance per books + Notes receivable - Bank service charge - NSF check ... 1

    put here value

    adjusted cash balance = $12000 + $6000 - $75 - $1200

    adjusted cash balance = $16725
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