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$2,750Deposits in transit200Notes receivable and interest collected by bank630Bank charge for check printing50Outstanding checks1,250NSF check290a.$1,590b.$5,130c.$3,690d.$3,040

Definition: Bank reconciliation: Bank statement is prepared by the bank. The company maintains its…

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

See similar textbooks

Related questions

Concept explainers

Question

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	$2,750
Deposits in transit	200
Notes receivable and interest collected by bank	630
Bank charge for check printing	50
Outstanding checks	1,250
NSF check	290

a.$1,590

b.$5,130

c.$3,690

d.$3,040

Expert Solution

Trending now

This is a popular solution!

Step by step

Solved in 3 steps with 1 images

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions