Homework Answers
Solution:
- The answer is Adjusted book balance is $ 15,895
Given data :
- Book balance = $ 16,920
- NSF check = $ 950
- Service charge = $ 75
Calculation of adjusted book balance :
| Particulars | Amount | Amount |
| Adjusted book balance |
= Book balance - NSF check - Service charge = $ 16,920 - $ 950 - $ 75 = $ 15,895 |
$ 15,895 |
NSF check and Service charges deducted by bank were not deducted
or decreased in book balance, consequently a similar will be
diminished.
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as of July 31. On July 31, the company’s Cash account has a $24,906 debit
balance, but its July bank statement shows a $27,589 cash
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