Consider the following facts: The Cash account in the general ledger for Company

Question

Consider the following facts:

The Cash account in the general ledger for Company A has the following information:

Balance at September 1 = $17,150
Balance at September 30 = $17,704
Cash deposits during September = $64,000
Checks written during September = $63,746

The Cash account per the Company A bank statement has the following information:

Balance at September 30 = $16,422
Additional information on the September bank statement includes the following:

- A note receivable for $1,500 was collected plus interest of $30.
- The bank paid interest on the account of $35.
- A check for $425 from Eileen Chester was determined to be NSF.
- Safe deposit box rental charge was $55.

On September 30:

- Deposits in transit = $4,750
- Outstanding checks = $2,383

After all the adjusting entries related to the bank reconciliation are posted, the total adjusting debits posted to the Company A Cash account will be $ ___________.

a. $1,085

b. $1,050

c. $480

d. $1,565

e. None of these answers are correct.

Explanation / Answer

None of these answers are correct

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