15 of his Question. 1 pt The following information is needed to reconcile the ca

Question

15 of his Question. 1 pt The following information is needed to reconcile the cash balance for Johnson Catering Services. A deposit of $5,800 is in transit. Outstanding checks total $1,000. The book balance is $6,000 at February 28, 2017. The bookkeeper recorded a $1,600 check as $17,100 in payment of the current month's rent. The bank balance at February 28, 2017 was $17,720. A deposit of $500 was credited by the bank for $5,000 A customer's check for $3,400 was returned for nonsufficient funds. The bank service charge is $80. What was the adjusted book balance? $18,180 $18,020 OA. OB. O C. $17,800 O D. $18,100 Click to select your answer F5 F6 2 tab

Explanation / Answer

Book Balance of: Cash                    6,000 ADD: Customer check excess credit given by bank                    4,500 Outstanding check                    1,000 Check recorded by excess amount                 15,500 Difference of 17100 and 1600 SUB TOTAL                 27,000 LESS: Deposit in transit                    5,800 Check returned unpaid by bank                    3,400 SUB TOTAL                    9,200 NET ADJUSTED BOOK BALANCE            17,800

Related Questions

Navigate

• Browse (All)
• Browse 1
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.