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ABC Company receives the bank statement from The Smarter Bank for the month of July. The following information is found on the statement: $18,742 Ending
ABC Company receives the bank statement from The Smarter Bank for the month of July. The following information is found on the statement: $18,742 Ending balance per the bank Interest paid by the bank Service charges $50 $25 A check from a customer was returned NSF $500 The bank collected a note receivable on behalf $1,050 of ABC The ending balance on ABC's books is: $18,967 A deposit of $5,000 made on July 31 was not on the bank statement. The total of outstanding checks not listed on the bank statement is $4,200. Reconcile the bank statement. The following information is available for Jack's, Inc. for the current month. Book balance end of month $6,900 Outstanding checks 725 Deposits in transit 3,000 Service charges 85 Interest revenue 35 What is the adjusted book balance on the bank reconciliation
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