Question 13 2pts The following nformation is vailble for Ele

Question 13 2pts The following nformation is vailble for Elen\'s Fashions Company or the cumet month is available for len\'s Fashions Company for the current Book balance end of month $7000 725 Interest revenue What is the adjusted book balance on the bank reconciliation? o $6875 O $6965 $10,150 O $7690 2A

Solution

Answer 13.

Adjusted book balance = Unadjusted book balance + Interest revenue - Service charge
Adjusted book balance = $7,000 + $45 - $80
Adjusted book balance = $6,965

Answer 14.

Adjusted book balance = Unadjusted book balance + Recording Error + Interest revenue - Service charge
Adjusted book balance = $4,200 + $50 + $33 - $25
Adjusted book balance = $4,258