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.
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.
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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