Question

Rodgers Company gathered the following reconciling information in preparing its May bank reconciliation.
Calculate the adjusted cash balance per books on May 31.
Cash balance per books, 5/31 $3,170
Deposits in transit $215
Notes receivable and interest collected by bank $955
Bank charge for check printing $43
Outstanding checks $1,152
NSF check $173
A. $1,170
B. $3,015
C. $3,909
D. $2,233

Answer 1

Answer:

C. $3,909

Explanation:

Calculation for the adjusted cash balance per books on May 31.

Cash balance per books, 5/31 $3,170

Add Notes receivable and interest collected by bank 955

Less Bank charge for check printing ($43)

Less NSF check ($173)

Adjusted cash balance per books on May 31 $3,909

Therefore the adjusted cash balance per books on May 31 will be $3,909