22. Snickers Co. has the following information relating to its month-end reconciliation. Month-end bank statement balance $ 54,000 $ 18,000 $ 600 Check erroneously charged by the bank against the account $ 75 $ 25 Outstanding checks Deposit-in-transit Bank Service Charge The adjusted bank balance at month end is: a. $36,675. b. $71,325. c. $36,525. d. $35,475.

22. Snickers Co. has the following information relating to its month-end reconciliation. Month-end bank statement balance $ 54,000 $ 18,000 $ 600 Check erroneously charged by the bank against the account $ 75 $ 25 Outstanding checks Deposit-in-transit Bank Service Charge The adjusted bank balance at month end is: a. $36,675. b. $71,325. c. $36,525. d. $35,475.

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter8: Fraud, Internal Controls, And Cash

Section: Chapter Questions

Problem 9EA: Using the following information, prepare a bank reconciliation. Bank balance: $4,587 Book balance:...

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Using the following information, prepare a bank reconciliation. Bank balance: $6,988 Book balance: $6,626 Deposits in transit: $1,600 Outstanding checks: $599 and $1,423 Bank charges: $75 Bank incorrectly charged the account $75. The bank will correct the error next month. Check number 2456 correctly cleared the bank in the amount of $234 but posted in the accounting records as $324. This check was expensed to Utilities Expense.
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