Question

Sunland Company gathered the following reconciling information in preparing its July bank reconciliation:

Cash balance per books, 7/31 $21600
Deposits in transit 1190
Notes receivable and interest collected by bank 4440
Bank charge for check printing 70
Outstanding checks 7900
NSF check 580

The adjusted cash balance per books on July 31 is:_______

Answer 1

Answer:

the adjusted cash balance per book is $25,390

Explanation:

The computation of the adjusted cash balance per book is shown below

= Cash balance per books + Notes receivable and interest collected by the bank - Bank charge for check printing - NSF check

= $21,600 + $4,440 - $70 - $580

= $25,390

Hence, the adjusted cash balance per book is $25,390

We simply applied the above formula so that the correct value could come

And, the same is to be considered