17-19

17. An overstatement A) an of ending inventory in one period results itn overstatement of the ending inventory of the next period. C) an overstale met income of the nexteperi ofthe next period. C) an overstatement of net income of the next period. D) an understatement of net income of the next period 18. Nilson Company gathered the following reconciling information in preparing i bank reconciliation: Cash balance per books, 8/31 Deposits in transit Notes receivable and interest collected by bank Bank charge for check printing Outstanding checks NSF check The adjusted cash balance per books on August 31 is A) $13,800. B) $14,760. $21,000 900 5,100 120 12,000 1,020 C) $24,060. D) $24,960. 19. At April 30, Kessler Company has the following bank information: Cash balance per bank Outstanding checks Deposits in transit Credit memo for interest Bank service charge What is Kessler's adjusted cash balance on April 30? A) $12,175 $11,500 $700 $1,375 $25 $50 B) $12,150. C) $12,200. D) $10,825