Question

QUESTION 45 1 points Save Answer Andy, Inc. was in the process of reconciling its bank balance with the company records and found an unadjusted book balance of $17,120, outstanding checks of $2,065, non-sufficient funds (NSF) checks of $508, deposits in transit of $1,650, bank service charges of $75, a customer note collected by the bank of $3,000 and interest on the note collected of $40. The adjusted book balance on the bank reconciliation should be? (Do not enter dollar signs.) QUESTION 46 1 points Save Answer Movie 16 Theaters, Inc. has the following information for March 31, 2016: balance per the company records, $8,684; outstanding checks of $14,400, a deposit in transit of $5,220, bank service charge of $310, and NSF checks of $4,225. What is the adjusted cash balance? (Do Not enter dollar signs.)

Answer 1

45.
Adjusted Book Balance = $19,577

Balance as per books		$ 17,120.00
Add : Collection of Note and Interest		$    3,040.00
		$ 20,160.00
Deduct :
Bank Charges	$          75.00
NSF Check	$        508.00	$        583.00
Adjusted Cash Balance		$ 19,577.00

46.
Adjusted Cash Balance = $4149

Balance as per books		$    8,684.00
Add : Collection of Note and Interest		$                 -
		$    8,684.00
Deduct :
Bank Charges	$        310.00
NSF Check	$    4,225.00	$    4,535.00
Adjusted Cash Balance		$    4,149.00

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