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Carl Nickloas Company prepares bank reconciliations that adjust to the correct balance of cash, based on the following: Outstanding checks $1,062 Note collected for Carl
Carl Nickloas Company prepares bank reconciliations that adjust to the correct balance of cash, based on the following:
Outstanding checks | $1,062 |
Note collected for Carl Nickolas by bank | 3,300 |
Bank service charges | 162 |
Check written for $482 incorrectly recorded in books at | |
$428; check cleared the bank for $482 | 54 |
NSF check | 492 |
Unadjusted book balance | 19,794 |
Deposits in transit | 1,152 |
Determine the adjusted cash balance.
Select one:
A. $22,494
B. $23,448
C. $22,386
D. $21,324
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