Question 10 Answer saved Marked out of 1 The following information is available

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Question 10 Answer saved Marked out of 1 The following information is available for Jade Company for the month ending June 30, 2017 Balance as per the bank statement is $11,000. Balance as per books is $10,200 ·Check #506 for $1.100 and check #510 for S900 were not shown on the June 30, bank statement. *A deposit in transit of $3,225 had not been received by the bank when the bank statement was generated. A bank debit memo indicated an NSF check for $90 written by Jane Smith to Jade Company on June 13 A bank credit memo indicated a note collected by the bank of $2.100 and interest revenue of $55 on June 20 The bank statement indicated service charges of $40 What is the adjusted book balance? Remove flag Select one: A $8 200 B. $12.265 0 c. S8255 D $12.225 E none of the above Previous page Next pa

Explanation / Answer

Adjusted book balance

= Balance as per books - NSF check + Note collected + Interest revenue - Service charges

= $10,200 - $90 + $2,100 + $55 - $40

= $12,225

Adjusted book balance is $12,225.

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