Derek Company gathered the following reconciling information in preparing its September bank reconciliation:Cash balance per books, 9/30$2,940Deposits in transit479Notes receivable and interest collected by bank793Bank charge for check printing34Outstanding checks1,471NSF check118Find the adjusted cash balance per books on September 30.Select the correct answer.$2,707$1,948$3,581$2,589

Bank reconciliation statement: It is the statement of the difference between the cash book of the…

Answered: Derek Company 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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Derek Company gathered the following reconciling information in preparing its September bank reconciliation:

Cash balance per books, 9/30	$2,940
Deposits in transit	479
Notes receivable and interest collected by bank	793
Bank charge for check printing	34
Outstanding checks	1,471
NSF check	118

Find the adjusted cash balance per books on September 30.

Select the correct answer.

$2,707

$1,948

$3,581

$2,589

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