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The accountant for Busch Corp. was preparing a bank reconciliation as of February 28, 2017. The following items were identified: Busch's book balance $15,000 Outstanding
The accountant for Busch Corp. was preparing a bank reconciliation as of February 28, 2017. The following items 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, 2017?
a.$17,385
b.$12,385
c.$14,885
d.$12,500
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