Question
You collected the following information when performing the bank reconciliation of Beta Inc. for the month of February 2021: Balance per bank statement, February 28,
You collected the following information when performing the bank reconciliation of Beta Inc. for the month of February 2021:
Balance per bank statement, February 28, 2021 | $67,000 |
Outstanding cheques not shown in February bank statement | 23,000 |
Deposits in transit not shown in February bank statement | 12,000 |
Petty cash | 500 |
Outstanding cheques from January 2021, cleared your bank account in February 2021 | 16,000 |
Bank service charges | 160 |
Cheque received from a customer, returned NSF | 6,000 |
The adjusted balance per bank statement at the end of February 2021 is:
Select one:
a. $34,340
b. $50,340
c. $56,000
d. $56,500
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