Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Gunnar Company gathered the following reconciling information in preparing its September bank reconciliation: Cash balance per books, 9/30 $3,482 Deposits in transit 582 Notes receivable

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

Cash balance per books, 9/30 $3,482 Deposits in transit 582 Notes receivable and interest collected by bank 842 Bank charge for check printing 23 Outstanding checks 1,253 NSF check 138 Calculate the adjusted cash balance per books on September 30.

a.$3,630.

b.$2,811.

c.$4,163.

d.$3,492.

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

Recommended Textbook for

Financial Accounting

Authors: Carl Warren, James M. Reeve, Philip E. Fess

8th Edition

0324025394, 978-0324025392

More Books

Students also viewed these Accounting questions

Question

What is the typical class size?

Answered: 1 week ago