Kimmel, Accounting, 6e Assignment Gradebook ORION Downloadable eTextbook ent Que

Question

Kimmel, Accounting, 6e Assignment Gradebook ORION Downloadable eTextbook ent Question 1 Blue Spruce Corp. developed the following reconciling information in preparing its September bank reconciliation: Cash balance per bank, 9/30 Note receivable collected by bank Outstanding checks Deposits in transit Bank service charge NSF check $53600 29200 43800 1900 365 5850 Using the above information, determine the cash balance per books (before adjustments) for the Blue Spruce Corp.. O $8715, O $47515 O $75500. O $73000. acy Policy I All Rights Reserved. A Division of 2chn Wiley & Sons. Inc. o search oe?

Explanation / Answer

Calculate cash balance per book (before adjustment):

Cash balance per book before adjustment = (53600-21900+43800) = 75500

so answer is c) $75,500

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