A company received a bank statement with a balance of $ 6 comma 300. Reconciling items included a bookkeeper error of $ 400long dasha $ 400 check recorded as $ 600long dashtwo outstanding checks totaling $ 820 , a service charge of $ 22 , a deposit in transit of $ 260 , and interest revenue of $ 22. What is the adjusted bank balance?

Question

Jovany

Business

24 November, 09:23

A company received a bank statement with a balance of $ 6 comma 300. Reconciling items included a bookkeeper error of $ 400long dasha $ 400 check recorded as $ 600long dashtwo outstanding checks totaling $ 820 , a service charge of $ 22 , a deposit in transit of $ 260 , and interest revenue of $ 22. What is the adjusted bank balance?

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Answers (1)

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Giuliana Case · Answer 1

Bank adjusted balance 5,720

Explanation:

6,300

-840 outstanding check

+260 deposit in ransit

5,720 bank adjustment balance

Notes:

the bookkepper error needs to be done on books cash account the service charge are included in the bank statemnt, is at adjustment to the book cash the interest revenue is also 22 an adjustment for the book cash account