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On September 30, 20Y5, Dart Co.'s bank statement showed a balance of $8,510. When preparing the bank reconciliation it was determined that a deposit of $1,900 had been mailed to the bank by Dart Co. on September 29 and was not included in the September 30 bank statement. It was further determined that $1,125 of outstanding checks had not been included in the September 30 bank statement. Assuming that the bank had not made an error, what would be the Adjusted Balance for this bank reconciliation for the bank statement section?

On September 30, 20Y5, Dart Co.'s bank statement showed a balance of $8,510. When preparing the bank reconciliation it was determined that a deposit of $1,900 had been mailed to the bank by Dart Co. on September 29 and was not included in the September 30 bank statement. It was further determined that $1,125 of outstanding checks had not been included in the September 30 bank statement. Assuming that the bank had not made an error, what would be the Adjusted Balance for this bank reconciliation for the bank statement section?

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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On September 30, 20Y5, Dart Co.'s bank statement showed a balance of $8,510. When preparing the bank reconciliation it was determined that a deposit of $1,900 had been mailed to the bank by Dart Co. on September 29 and was not included in the September 30 bank statement. It was further determined that $1,125 of outstanding checks had not been included in the September 30 bank statement. Assuming that the bank had not made an error, what would be the Adjusted Balance for this bank reconciliation for the bank statement section?
Transcribed Image Text:On September 30, 20Y5, Dart Co.'s bank statement showed a balance of $8,510. When preparing the bank reconciliation it was determined that a deposit of $1,900 had been mailed to the bank by Dart Co. on September 29 and was not included in the September 30 bank statement. It was further determined that $1,125 of outstanding checks had not been included in the September 30 bank statement. Assuming that the bank had not made an error, what would be the Adjusted Balance for this bank reconciliation for the bank statement section?
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