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Nilson Company gathered the following reconciling information in preparing its August bank reconciliation: Cash balance per books, 8/31 $ 21,000 Deposits in transit 900 Notes receivable and interest collected by bank 5,100 Bank charge for check printing 120 Outstanding checks NSF check 12,000 1,020 The adjusted cash balance per books on August 31 is: a. $14,760 b. $24,960 c. $13,800

Nilson Company gathered the following reconciling information in preparing its August bank reconciliation: Cash balance per books, 8/31 $ 21,000 Deposits in transit 900 Notes receivable and interest collected by bank 5,100 Bank charge for check printing 120 Outstanding checks NSF check 12,000 1,020 The adjusted cash balance per books on August 31 is: a. $14,760 b. $24,960 c. $13,800

Principles of Accounting Volume 1
Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter8: Fraud, Internal Controls, And Cash
Section: Chapter Questions
Problem 9EB: Using the following information, prepare a bank reconciliation. Bank balance: $7,651 Book balance:...
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Nilson Company gathered the following reconciling information in preparing its August bank reconciliation: Cash balance per books, 8/31 $ 21,000 Deposits in transit 900 Notes receivable and interest collected by bank 5,100 Bank charge for check printing 120 Outstanding checks NSF check 12,000 1,020 The adjusted cash balance per books on August 31 is: a. $14,760 b. $24,960 c. $13,800
Transcribed Image Text:Nilson Company gathered the following reconciling information in preparing its August bank reconciliation: Cash balance per books, 8/31 $ 21,000 Deposits in transit 900 Notes receivable and interest collected by bank 5,100 Bank charge for check printing 120 Outstanding checks NSF check 12,000 1,020 The adjusted cash balance per books on August 31 is: a. $14,760 b. $24,960 c. $13,800
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