Gunnar Company gathered the following reconciling information in preparing its September bank reconciliation. Calculate the adjusted cash balance per books on September 30.Cash balance per books, September 30$ 3,114Deposits in transit541Notes receivable and interest collected by bank831Bank charge for check printing37Outstanding checks1,438NSF check136a.$2,217b.$3,011c.$3,772d.$2,875

Formula: Adjusted cash balance per books = cash balance per books + notes receivable and interest…

Answered: Gunnar 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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Gunnar Company gathered the following reconciling information in preparing its September bank reconciliation. Calculate the adjusted cash balance per books on September 30.

Cash balance per books, September 30	$ 3,114
Deposits in transit	541
Notes receivable and interest collected by bank	831
Bank charge for check printing	37
Outstanding checks	1,438
NSF check	136

a.$2,217

b.$3,011

c.$3,772

d.$2,875

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