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

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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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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