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3 July, 03:07

Nilson Company gathered the following reconciling information in preparing its August bank reconciliation: Cash balance per books, 8/31 $28,000 Deposits in transit 1,200 Notes receivable and interest collected by bank 6,800 Bank charge for check printing 160 Outstanding checks 16,000 NSF check 1,360 The adjusted cash balance per books on August 31 is

a. $33,280.

b. $32,080.

c. $18,400.

d. $19,680.

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Answers (1)
  1. 3 July, 03:35
    0
    adjusted cash balance per books = $33280

    Explanation:

    given data

    Cash balance per books 8/31 = $28,000

    Deposits = 1,200

    collected by bank = 6,800

    check printing = 160

    Outstanding checks = 16,000

    NSF check = 1,360

    to find out

    adjusted cash balance per books

    solution

    we know that adjusted cash balance per books is here express as

    adjusted cash balance per books = cash opening + collection by bank - bank charge check printing - NSF check ... 1

    put here all these value in equation 1 we get

    adjusted cash balance per books = $28,000 + 6,800 - 160 - 1,360

    adjusted cash balance per books = $33280
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