Ayayai Corp. gathered the following reconciling information in preparing its August bank reconciliation:Cash balance per books, 8/31 $26300Deposits in transit 1100Notes receivable and interest collected by bank 6400Bank charge for check printing 150Outstanding checks 15000NSF check 1280The adjusted cash balance per books on August 31 is$18470.$17230.$31270.$30170.

The question is based on the concept of the Bank Reconciliation Statement.

Answered: Ayayai Corp. gathered the following…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Ayayai Corp. gathered the following reconciling information in preparing its August bank reconciliation:

Cash balance per books, 8/31		$26300
Deposits in transit		1100
Notes receivable and interest collected by bank		6400
Bank charge for check printing		150
Outstanding checks		15000
NSF check		1280

The adjusted cash balance per books on August 31 is

$18470.

$17230.

$31270.

$30170.

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