Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Derek Company gathered the following reconciling information in preparing its September bank reconciliation: Cash balance per books, 9/30 $3,091 Deposits in transit 492 Notes receivable

Derek Company gathered the following reconciling information in preparing its September bank reconciliation:

Cash balance per books, 9/30 $3,091
Deposits in transit 492
Notes receivable and interest collected by bank 869
Bank charge for check printing 25
Outstanding checks 1,520
NSF check 115

Find the adjusted cash balance per books on September 30.

Select the correct answer.

$3,820

$2,792

$2,907

$2,063

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions