Question
The accountant for Busch Corp. was preparing a bank reconciliation as of February 28, 2016. The following items were identified: Busch's book balance $15,000 Outstanding
were identified:
Busch's book balance $15,000
Outstanding checks 2,500
Service charge 15
Customer's NSF check returned by the bank 100
What amount will Busch report as its adjusted cash balance at February 28, 2016?
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Accounting Tools for Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
6th edition
1118096894, 978-1-11921511, 978-1118096895
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