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