Question

Derek Company gathered the following reconciling information in preparing its September bank reconciliation:

Cash balance per books, 9/30	$3,256
Deposits in transit	557
Notes receivable and interest collected by bank	795
Bank charge for check printing	35
Outstanding checks	1,233
NSF check	188

Find the adjusted cash balance per books on September 30.

Select the correct answer.

$3,152

$2,580

$3,828

$3,340

Answer 1

Calculation of adjusted cash balance
cash balance per book 9/30			3256
add:Notes receivable and interest collected by bank			795
less: bank charges for check printing			-35
less: NSF check			-188
Adjusted cash balance per book on sept 30			3828
Option "3828" is CORRECT

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