Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question Content Area Gunnar Company gathered the following reconciling information in preparing its September bank reconciliation: Cash balance per books, 9/30 $2,630 Deposits in transit

  1. Question Content Area

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

    Cash balance per books, 9/30 $2,630
    Deposits in transit 507
    Notes receivable and interest collected by bank 804
    Bank charge for check printing 36
    Outstanding checks 1,559
    NSF check 104

    Calculate the adjusted cash balance per books on September 30.

    a.$2,346.

    b.$1,578.

    c.$3,294.

    d.$2,242.

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_2

Step: 3

blur-text-image_3

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

No Nonsense Employee Retention Audit

Authors: Jeff Kortes

1st Edition

0988307014, 978-0988307018

More Books

Students also viewed these Accounting questions