In the process of reconciling Marks Enterprises' bank statement for September, Mr. Marks compiles the following information: Cash balance per company books on September 30 $ 6,270 Deposits in transit at month-end $ 1,310 Outstanding checks at month-end $ 630 Bank charge for printing new checks $ 50 Note receivable and interest collected by bank on Marks' behalf $ 760 A check given to Marks during the month by a customer is returned by the bank as NSF $490. The adjusted cash balance per the books on September 30 is: a. $6,980. b. $6,490. c. $4,550. d. $5,830. e. $8,150.
In the process of reconciling Marks Enterprises' bank statement for September, Mr. Marks compiles the following information: Cash balance per company books on September 30 $ 6,270 Deposits in transit at month-end $ 1,310 Outstanding checks at month-end $ 630 Bank charge for printing new checks $ 50 Note receivable and interest collected by bank on Marks' behalf $ 760 A check given to Marks during the month by a customer is returned by the bank as NSF $490. The adjusted cash balance per the books on September 30 is: a. $6,980. b. $6,490. c. $4,550. d. $5,830. e. $8,150.
Century 21 Accounting Multicolumn Journal
11th Edition
ISBN:9781337679503
Author:Gilbertson
Publisher:Gilbertson
Chapter5: Cash Control Systems
Section: Chapter Questions
Problem 2AP
Related questions
Question
![In the process of reconciling Marks Enterprises' bank statement for
September, Mr. Marks compiles the following information:
Cash balance per company books on September 30
$ 6,270
Deposits in transit at month-end
$ 1,310
Outstanding checks at month-end
$ 630
Bank charge for printing new checks
$ 50
Note receivable and interest collected by bank on Marks'
behalf
$ 760
A check given to Marks during the month by a customer is returned by
the bank as NSF $490. The adjusted cash balance per the books on
September 30 is:
a. $6,980.
b. $6,490.
c. $4,550.
d. $5,830.
e. $8,150.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff091cb44-b2d7-4284-b33f-b2169fc1378d%2F6ba8d884-d963-4366-a836-120b38ab0d6a%2Fn1mlhb_processed.jpeg&w=3840&q=75)
Transcribed Image Text:In the process of reconciling Marks Enterprises' bank statement for
September, Mr. Marks compiles the following information:
Cash balance per company books on September 30
$ 6,270
Deposits in transit at month-end
$ 1,310
Outstanding checks at month-end
$ 630
Bank charge for printing new checks
$ 50
Note receivable and interest collected by bank on Marks'
behalf
$ 760
A check given to Marks during the month by a customer is returned by
the bank as NSF $490. The adjusted cash balance per the books on
September 30 is:
a. $6,980.
b. $6,490.
c. $4,550.
d. $5,830.
e. $8,150.
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