Rodgers Company gathered the following reconciling information in preparing its May bank reconciliation. Calculate the adjusted cash balance per books on May 31.Cash balance per books, 5/31$3,455Deposits in transit224Notes receivable and interest collected by bank790Bank charge for check printing24Outstanding checks1,897NSF check186a.$4,035b.$1,782c.$2,386d.$1,014

Bank Reconciliation Statement: A bank reconciliation statement is a summary of banking and business…

Answered: Rodgers Company gathered the following…

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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Rodgers Company gathered the following reconciling information in preparing its May bank reconciliation. Calculate the adjusted cash balance per books on May 31.

Cash balance per books, 5/31	$3,455
Deposits in transit	224
Notes receivable and interest collected by bank	790
Bank charge for check printing	24
Outstanding checks	1,897
NSF check	186

a.$4,035

b.$1,782

c.$2,386

d.$1,014

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