Question 11 3 points Stims Company has the following informa

Question 11 (3 points) Stims Company has the following information: Balance per books Outstanding Checks NSF Checlk Bank Service Charges Deposits in Transit $22,000 $2,700 $1,000 $100 $3,500 What is the adjusted balance per books?

Solution

Calculate adjusted balance per book :

Adjusted balance per book = Unadjusted balance per book-NSF check-Bank service charges

                                            = 22000-1000-100

Adjusted balance per book = 20900