Rodgers Company gathered the following reconciling information in preparing its May bank reconciliation. Determine the adjusted balance on May 31.Cash balance per company records, May 31$4,119Deposits in transit157Notes receivable and interest collected by bank840Bank charge for check printing27Outstanding checks1,081NSF check188a.$3,847b.$4,744c.$997d.$3,195

The statement which is made periodically in order to reconcile the balance of cash at bank as per…

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. Determine the adjusted balance on May 31.

Cash balance per company records, May 31	$4,119
Deposits in transit	157
Notes receivable and interest collected by bank	840
Bank charge for check printing	27
Outstanding checks	1,081
NSF check	188

a.$3,847

b.$4,744

c.$997

d.$3,195

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