Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The following information is available for Juno Company for the month ending June 3 0 , 2 0 2 5 . Balance as per the

The following information is available for Juno Company for the month ending June 30,2025.
Balance as per the bank statement is $11,700.
Balance as per books is $10,300.
Check #506 for $1,000 and check #510 for $700 were not shown on the June 30, bank statement.
A deposit in transit of $2,232 had not been received by the bank when the bank statement was generated.
A bank debit memo indicated an NSF check for $90 written by Jane Smith to Juno Company on June 13.
A bank credit memo indicated a note collected by the bank of $2,000 and interest revenue of $52 on June 20.
The bank statement indicated service charges of $30.
What is the adjusted book balance?
A. $8,652
B. $12,232
C. $8,600
D. $12,262
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Business Finance: Theory And Practice

Authors: Eddie McLaney

6th Edition

9780273673569

More Books

Students also viewed these Accounting questions