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A COMPANY'S CASH ACCOUNT SHOWS AN ENDING BALANCE OF $5,200. RECONCILING ITEMS INCLUDE: • • • • A BOOKKEEPER ERROR OF $85 (A $460 CHECK RECORDED AS $545) TWO OUTSTANDING CHECKS TOTALLING $920 A SERVICE CHARGE OF $25 A DEPOSIT IN TRANSIT OF $350 INTEREST REVENUE OF $40 WHAT IS THE ADJUSTED BOOK BALANCE?

A COMPANY'S CASH ACCOUNT SHOWS AN ENDING BALANCE OF $5,200. RECONCILING ITEMS INCLUDE: • • • • A BOOKKEEPER ERROR OF $85 (A $460 CHECK RECORDED AS $545) TWO OUTSTANDING CHECKS TOTALLING $920 A SERVICE CHARGE OF $25 A DEPOSIT IN TRANSIT OF $350 INTEREST REVENUE OF $40 WHAT IS THE ADJUSTED BOOK BALANCE?

College Accounting (Book Only): A Career Approach
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter6: Bank Accounts, Cash Funds, And Internal Controls
Section: Chapter Questions
Problem 5E
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What is the adjusted book balance of this financial accounting question?

A COMPANY'S CASH ACCOUNT SHOWS AN ENDING BALANCE OF $5,200. RECONCILING ITEMS INCLUDE: • • • • A BOOKKEEPER ERROR OF $85 (A $460 CHECK RECORDED AS $545) TWO OUTSTANDING CHECKS TOTALLING $920 A SERVICE CHARGE OF $25 A DEPOSIT IN TRANSIT OF $350 INTEREST REVENUE OF $40 WHAT IS THE ADJUSTED BOOK BALANCE?
Transcribed Image Text:A COMPANY'S CASH ACCOUNT SHOWS AN ENDING BALANCE OF $5,200. RECONCILING ITEMS INCLUDE: • • • • A BOOKKEEPER ERROR OF $85 (A $460 CHECK RECORDED AS $545) TWO OUTSTANDING CHECKS TOTALLING $920 A SERVICE CHARGE OF $25 A DEPOSIT IN TRANSIT OF $350 INTEREST REVENUE OF $40 WHAT IS THE ADJUSTED BOOK BALANCE?
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