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Thomas Peter Company prepares bank reconciliations that adjust to the correct balance of cash, based on the following: Outstanding checks $ 708 Note collected for
Thomas Peter Company prepares bank reconciliations that adjust to the correct balance of cash, based on the following:
Outstanding checks | $ 708 |
Note collected for Thomas Peter by bank | 2,200 |
Bank service charges | 108 |
Check written for $392 incorrectly recorded in books at $356; check cleared the bank for $392 | 36 |
NSF check | 328 |
Unadjusted book balance | 13,196 |
Deposits in transit | 768 |
Determine the adjusted cash balance.
Select one:
A. $14,996
B. $15,632
C. $14,924
D. $14,216
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