Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Santos Company gathered the following reconciling information in preparing its August bank reconciliation: Cash balance per books, 8/31 $3,500 Deposits in transit 250 Notes receivable
Santos Company gathered the following reconciling information in preparing its August bank reconciliation:
Cash balance per books, 8/31 | $3,500 | ||
Deposits in transit | 250 | ||
Notes receivable and interest collected by bank | 850 | ||
Bank charge for check printing | 20 | ||
Outstanding checks | 2,200 | ||
NSF check | 170 | ||
The adjusted cash balance per books on August 31 is | |||
Group of answer choices
$4,160.
$4,010.
$2,310.
$2,460.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started