Derek Company gathered the following reconciling information in preparing its September bank reconciliation:Cash balance per books, 9/30$2,945Deposits in transit568Notes receivable and interest collected by bank873Bank charge for check printing27Outstanding checks1,207NSF check145Find the adjusted cash balance per books on September 30.Select the correct answer.$3,007$2,306$3,152$3,646

Deposit in transit and outstanding checks are adjusted in bank statement and other items in cash…

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	$2,945
Deposits in transit	568
Notes receivable and interest collected by bank	873
Bank charge for check printing	27
Outstanding checks	1,207
NSF check	145

Find the adjusted cash balance per books on September 30.

Select the correct answer.

$3,007

$2,306

$3,152

$3,646

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