Question
The following information for Show Me, Inc. relates to its bank accounts as of June 30: The June 30 balance shown on the bank statement
The following information for Show Me, Inc. relates to its bank accounts as of June 30:
The June 30 balance shown on the bank statement is $2,898.
Outstanding checks at June 30 totaled $165.
A deposit of $212 made on June 30 was not included in the balance shown on the bank statement.
The bank statement contained an adjustment of $205 for a note receivable collected by the bank on behalf of Show Me, Inc. ($191 principal and $14 interest).
A bank charge of $17 was made to the account during June. Although the company was expecting a charge, the amount was not known until the bank statement arrived.
The bank erroneously charged a $170 check of Shirt, Inc., against the Show Me, Inc., bank account.
The June 30 balance in the general ledger Cash account, before reconciliation, is $3,013.
The bank statement included a notice that a customer's check for $86 that had been deposited on June 14 had been returned NSF.
Upon completing a bank reconciliation, the accountant determined the adjusted cash balance (or reconciled cash balance) for the depositor (Show Me Inc.) as of June 30th was:
A. 3115
B. 2945
C. 2910
D. 3013
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