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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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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