Gunnar Company gathered the following reconciling information in preparing its September bank reconciliation:Cash balance per books, 9/30$3,120Deposits in transit369Notes receivable and interest collected by bank721Bank charge for check printing28Outstanding checks1,595NSF check106Calculate the adjusted cash balance per books on September 30.a.$2,481.b.$2,587.c.$3,707.d.$1,894.

Bank reconciliation refers to the process of matching the bank book and cash book maintained by the…

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:

Cash balance per books, 9/30	$3,120
Deposits in transit	369
Notes receivable and interest collected by bank	721
Bank charge for check printing	28
Outstanding checks	1,595
NSF check	106

Calculate the adjusted cash balance per books on September 30.

a.$2,481.

b.$2,587.

c.$3,707.

d.$1,894.

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