The following data were gathered to use in reconciling the b

The following data were gathered to use in reconciling the bank account of Savannah Company: Balance per bank $16,750 Balance per company records 16,125 Bank service charges 80 Deposit in transit 2,195 NSF check 950 Outstanding checks 3,850 What is the adjusted balance on the bank reconciliation?

$10,705

$15,095

$14,470

$15,720

Solution

Adjusted balance on the bank reconciliation = 16750+2195-3850= $15095
The following data were gathered to use in reconciling the bank account of Savannah Company: Balance per bank $16,750 Balance per company records 16,125 Bank se

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