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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Olde Shoppe has the following information at August 31:
attached in ss below
thanks for hleph
hp3oj3o6
j363
![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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F83209d41-c6ed-4a5e-b956-ac88135890eb%2F518e59c3-b746-4732-b43c-eb8da4f241fc%2Fqwp4n37_processed.png&w=3840&q=75)
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
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
![FINANCIAL ACCOUNTING](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9781259964947/9781259964947_smallCoverImage.jpg)
![Accounting](https://www.bartleby.com/isbn_cover_images/9781337272094/9781337272094_smallCoverImage.gif)
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
![Accounting Information Systems](https://www.bartleby.com/isbn_cover_images/9781337619202/9781337619202_smallCoverImage.gif)
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
![FINANCIAL ACCOUNTING](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9781259964947/9781259964947_smallCoverImage.jpg)
![Accounting](https://www.bartleby.com/isbn_cover_images/9781337272094/9781337272094_smallCoverImage.gif)
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
![Accounting Information Systems](https://www.bartleby.com/isbn_cover_images/9781337619202/9781337619202_smallCoverImage.gif)
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
![Horngren's Cost Accounting: A Managerial Emphasis…](https://www.bartleby.com/isbn_cover_images/9780134475585/9780134475585_smallCoverImage.gif)
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
![Intermediate Accounting](https://www.bartleby.com/isbn_cover_images/9781259722660/9781259722660_smallCoverImage.gif)
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
![Financial and Managerial Accounting](https://www.bartleby.com/isbn_cover_images/9781259726705/9781259726705_smallCoverImage.gif)
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education