Paws Construction Company gathered the following reconciling information in preparing its April bank reconciliation: Cash balance per books, 4/30 $17,600 Deposits in transit 2,400 Notes receivable and interest collected by bank 5,920 Bank charge for check printing 200 Outstanding checks 12,000 NSF check 1,120 The adjusted cash balance per books on April 30 is a. $24,600 b. $23,520 c. $22,200 d. $24,440

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A: The adjusted cash balance per books as of August 31 is determined as follows: ParticularsAmountCash…

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Bank Reconciliation Statement

As a commerce student, we all know that every business has to maintain a cash book to maintain all his cash and bank transactions. A cash book is a book which has two columns, one cash column and one bank column.