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Olde Shoppe has the following information at August 31: • Two deposits made on August 31 were not on the bank statement, totaling $5,300. The bank collected an EFT payment on a note receivable for $2,750. Of this amount, $250 represented interest on the note. August 31 balance in Cash was $11,687. • The bookkeeper forgot to record check #1578 for $343 which was cashed by the bank on August 15th. • The balance on the bank statement as of August 31 was $10,800. • A check printing service fee of $50 was shown on the bank statement. •A NSF check of $300. • Checks # 1572, 1606, and 1548, totaling $2,356, were not shown on the bank statement, even though the company had sent the checks. What is the adjusted book balance at August 31? A. $8,244 OB. $11,687 OC. $13,744 OD. $13,494

Olde Shoppe has the following information at August 31: • Two deposits made on August 31 were not on the bank statement, totaling $5,300. The bank collected an EFT payment on a note receivable for $2,750. Of this amount, $250 represented interest on the note. August 31 balance in Cash was $11,687. • The bookkeeper forgot to record check #1578 for $343 which was cashed by the bank on August 15th. • The balance on the bank statement as of August 31 was $10,800. • A check printing service fee of $50 was shown on the bank statement. •A NSF check of $300. • Checks # 1572, 1606, and 1548, totaling $2,356, were not shown on the bank statement, even though the company had sent the checks. What is the adjusted book balance at August 31? A. $8,244 OB. $11,687 OC. $13,744 OD. $13,494

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Olde Shoppe has the following information at August​ 31:
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Olde Shoppe has the following information at August 31: • Two deposits made on August 31 were not on the bank statement, totaling $5,300. • The bank collected an EFT payment on a note receivable for $2,750. Of this amount, $250 represented interest on the note. August 31 balance in Cash was $11,687. • The bookkeeper forgot to record check #1578 for $343 which was cashed by the bank on August 15th. • The balance on the bank statement as of August 31 was $10,800. • A check printing service fee of $50 was shown on the bank statement. *A NSF check of $300. • Checks # 1572, 1606, and 1548, totaling $2,356, were not shown on the bank statement, even though the company had sent the checks. What is the adjusted book balance at August 31? OA. $8,244 OB. $11,687 OC. $13,744 OD. $13.494
Transcribed Image Text:Olde Shoppe has the following information at August 31: • Two deposits made on August 31 were not on the bank statement, totaling $5,300. • The bank collected an EFT payment on a note receivable for $2,750. Of this amount, $250 represented interest on the note. August 31 balance in Cash was $11,687. • The bookkeeper forgot to record check #1578 for $343 which was cashed by the bank on August 15th. • The balance on the bank statement as of August 31 was $10,800. • A check printing service fee of $50 was shown on the bank statement. *A NSF check of $300. • Checks # 1572, 1606, and 1548, totaling $2,356, were not shown on the bank statement, even though the company had sent the checks. What is the adjusted book balance at August 31? OA. $8,244 OB. $11,687 OC. $13,744 OD. $13.494
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