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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 totaling $920, • A service charge of $25, A deposit in transit of $300, • Interest revenue of $40. What is the adjusted book balance? A. $5,300 B. $4,950 C. $5,115 D. $4,930

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 totaling $920, • A service charge of $25, A deposit in transit of $300, • Interest revenue of $40. What is the adjusted book balance? A. $5,300 B. $4,950 C. $5,115 D. $4,930

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?  General 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 totaling $920, • A service charge of $25, A deposit in transit of $300, • Interest revenue of $40. What is the adjusted book balance? A. $5,300 B. $4,950 C. $5,115 D. $4,930
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 totaling $920, • A service charge of $25, A deposit in transit of $300, • Interest revenue of $40. What is the adjusted book balance? A. $5,300 B. $4,950 C. $5,115 D. $4,930
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