The accountant of ABC Company is preparing a bank reconciliation statement for themonth of October. The bank statement shows a balance of $9,719 while the ledger balanceis $7,261. He compiles the following information:DescriptionCheck #3119 recorded at $1,830Amount$1,380abNSF checks$500EFT for insurance deducted$336dEFT for rent collected$775Service charge deductedOutstanding checksDeposit in transitNotes collected by banke$15f$4,036|g$3,402h$1,450Compute the adjusted bank balance for the month of October.а. $10,520b. $9,070с. $9,085d. $8,749

Answered: Compute the adjusted bank balance for…

Business

Accounting

Compute the adjusted bank balance for the month of October. а. $10,520 b. $9,070 с. $9,085 d. $8,749

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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Chapter : Bank Reconciliation Statement
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