Question

. . . Olde Shoppe has the following information at August 31: Two deposits made on August 31 were not on the bank statement, totaling $5,300. The bank collected an EFT payment on a note receivable for $2,820. Of this amount, $250 represented interest on the note. August 31 balance in Cash was $11,687 • The bookkeeper forgot to record check #1578 for $843 which was cashed by the bank on August 15th. The balance on the bank statement as of August 31 was $10,350. A check printing service fee of $70 was shown on the bank statement ANSF check of $300 Checks #1572, 1606, and 1548, totaling $2,356, were not shown on the bank statement, even though the company had sent the checks. What is the adjusted book balance at August 31? . . . . O A. $7,654 OB. $11,687 C. $13,044 OD. $13,294 Click to select your answer. MacBook Ai)

Answer 1

Answer: D. $13,294

Explanation:

Adjusted book balance at August 31

= Cash balance + Note + Interest - Book error - Check printing fee - NSF check.

= $11,687 + $2,570 + $250 - $843 - $70 - $300

= $13,294.