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The accountant of ABC Company is preparing a bank reconciliation statement for the month of October. The bank statement shows a balance of $9,719 while
The accountant of ABC Company is preparing a bank reconciliation statement for the month of October. The bank statement shows a balance of $9,719 while the ledger balance is $7,261. He compiles the following information: a b d Description Check #3119 recorded at $1,830 NSF checks EFT for insurance deducted EFT for rent collected Service charge deducted Outstanding checks Deposit in transit Notes collected by bank Amount $1,380 $500 $336 $775 $15 $4,036 $3,402 $1,450 e f h Compute the adjusted bank balance for the month of October. a. $10,520 b. $9,070 c. $9,085 d. $8,749
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