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
Chapter1: Financial Statements And Business Decisions
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