The flowinginformaton aiabfor no Cmpan fr e ron ending June 30,2019 Balance as p

Question

The flowinginformaton aiabfor no Cmpan fr e ron ending June 30,2019 Balance as per the bank statement is $1 00 Balance as per booksis $10.300 Check #506 for $140 andcheck#510frS900werentshown onthe une 30, bank statement A deposit in transit of $3218 had not bee received ythe bank whe t ank statement was generated A bank detit mermoindite n e0 o Juno Company on June 13 A bank creait memo indicated nate coletd be 2 nterest revenue of $53 on June 20 The bank statement indicated service hargs d35 What is the adfusted book balance $12.453 $8053 $12418

Explanation / Answer

For calculating adjusted book balance, we need to prepare Bank reconciliation of Juno Company for the month ending June 30, 2019.

  Juno Company

Bank Reconciliation For the Month Ending June 30, 2019 (Amts in $)

Therefore the adjusted book balance is $12,418. Hence the correct option is D) $12,418.

Bank: Balance June 30, 2019 11,500 Add: Deposit in transit 3,218 14,718 Less: Outstanding Check 506 1,400 510 900 2,300 Adjusted bank balance, June 30, 2019 12,418 Book: Balance, June 30, 2019 10,300 Add: Bank collection 2,200 Interest revenue on bank 53 2,253 12,553 Less: NSF check 100 Service charge 35 135 Adjusted book balance, June 30, 2019 12,418

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