Question
A company is preparing its monthly bank reconciliation. The ending balance on the bank statement is shown as $8973. At the end of the month,
| A company is preparing its monthly bank reconciliation. The ending balance on the bank statement is shown as $8973. At the end of the month, the following information was provided by company records and the monthly bank statement: | |||
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| Bank service charges shown on the bank statement | $ 40 |
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| NSF cheques from customers shown on the bank statement | 146 |
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| Deposits in transit at the end of the month | 954 |
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| Outstanding cheques at the end of the month | 1585 |
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| What is the cash balance per books after all adjustments have been made? | |||
Select one:
a. $8302
b. $8342
c. $8156
d. $9927
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