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Gunnar Company gathered the following reconciling information in preparing its September bank reconciliation. Cash balance per company records, September 30 $2,076 Deposits in transit 536 Notes receivable and interest collected by bank 820 Bank charge for check printing 32 Outstanding checks 1,427 NSF check 111 Determine the adjusted balance on September 30. a.$2,753 b.$1,185 c.$1,973 d.$1,862

Gunnar Company gathered the following reconciling information in preparing its September bank reconciliation. Cash balance per company records, September 30 $2,076 Deposits in transit 536 Notes receivable and interest collected by bank 820 Bank charge for check printing 32 Outstanding checks 1,427 NSF check 111 Determine the adjusted balance on September 30. a.$2,753 b.$1,185 c.$1,973 d.$1,862

Principles of Accounting Volume 1
Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter8: Fraud, Internal Controls, And Cash
Section: Chapter Questions
Problem 7EA: Using the following information, prepare a bank reconciliation. Bank balance: $3,678 Book balance:...
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Gunnar Company gathered the following reconciling information in preparing its September bank reconciliation.

Cash balance per company records, September 30 $2,076
Deposits in transit 536
Notes receivable and interest collected by bank 820
Bank charge for check printing 32
Outstanding checks 1,427
NSF check 111
Determine the adjusted balance on September 30.

a.$2,753
b.$1,185
c.$1,973
d.$1,862

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