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In preparing the August 31 bank reconciliation, Abe Company provided the following information: Balance per bank statement as at August 31$180,500 Outstanding deposit 32,500 Return
In preparing the August 31 bank reconciliation, Abe Company provided the following information: Balance per bank statement as at August 31$180,500 Outstanding deposit 32,500 Return of customer cheque for nonsufficient funds 6,000 Outstanding cheques 27,500 Bank charges for August 1,000 On August 31, what is the adjusted bank balance? Select one: a. $178,500 b. $175,500 C. $179,500 d. $185,500
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