At June 30, Almond Co.'s cash balance was $10,012 before adjustments, while its ending bank statement balance was $10,772. Check number 101 was issued June 2 in the amount of $95, but was erroneously recorded in Almond's general ledger balance as $59. The check was correctly listed in the bank statement at $95. The bank statement also included a credit memo for interest earned in the amount of $35, and a debit memo for monthly service charges in the amount of $50. What was Almond's adjusted cash balance at June 30? OA. $9,598 O B. $9,961 O C. $10,048 O D. $10,462
At June 30, Almond Co.'s cash balance was $10,012 before adjustments, while its ending bank statement balance was $10,772. Check number 101 was issued June 2 in the amount of $95, but was erroneously recorded in Almond's general ledger balance as $59. The check was correctly listed in the bank statement at $95. The bank statement also included a credit memo for interest earned in the amount of $35, and a debit memo for monthly service charges in the amount of $50. What was Almond's adjusted cash balance at June 30? OA. $9,598 O B. $9,961 O C. $10,048 O D. $10,462
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:At June 30, Almond Co.'s cash balance was $10,012 before adjustments, while its ending bank statement balance was $10,772.
Check number 101 was issued June 2 in the amount of $95, but was erroneously recorded in Almond's general ledger balance as
$59. The check was correctly listed in the bank statement at $95. The bank statement also included a credit memo for interest
earned in the amount of $35, and a debit memo for monthly service charges in the amount of $50. What was Almond's adjusted
cash balance at June 30?
OA. $9,598
B. $9,961
O C. $10,048
OD. $10,462
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