24 Yenn Company developed the following reconeiling informat

24. Yenn Company developed the following reconeiling information in preparing is September bank reconciliation: Cash balance per bank, 9/30 Note receivable collected by bank Outstanding checks Deposits in transit $15,000 6,000 -9,000 4,500 -75 -1,200 VBank service charge NSF check Determine the cash balance per books (before adjustments) for Yenn Company: A) $11,775 B) $19,500 C) $5,775 D) $15,000

Solution

Bank Balance As per Bank Passbook: $15,000

Therefore Balancce As per Cash Book for Yenn Company is $5,775

Balance as per Bank Passbook		$15,000
Less: Note Receivable collected by Bank	$6,000
Less: Outstanding checks	$9,000	$15,000
		$0
Add: Deposit in Transit	$4,500
Add: Bank Service Charge	$75
Add: NSF Check	$1,200	$5,775
Balance as per Book(before adjustments)		$5,775