The following information is needed to reconcile the cash balance for Gourmet Catering Services." A deposit of $5,800 is in transit. Outstanding checks total $1,100.* The book balance is $6,000 at February 28, 2019.* The bookkeeper recorded a $1,700 check as $17,300 in payment of the current month's rent.* The bank balance at February 28, 2019 was $17,230.* A deposit of $400 was credited by the bank for $ 4,000. * A customer's check for $3,200 was returned for nonsufficient funds." The bank service charge is $ 70. What was the adjusted book balance?A. $18, 400B. $18,330C. $18, 470D. $17,3008
The following information is needed to reconcile the cash balance for Gourmet Catering Services." A deposit of $5,800 is in transit. Outstanding checks total $1,100.* The book balance is $6,000 at February 28, 2019.* The bookkeeper recorded a $1,700 check as $17,300 in payment of the current month's rent.* The bank balance at February 28, 2019 was $17,230.* A deposit of $400 was credited by the bank for $ 4,000. * A customer's check for $3,200 was returned for nonsufficient funds." The bank service charge is $ 70. What was the adjusted book balance?A. $18, 400B. $18,330C. $18, 470D. $17,3008
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:The following information is needed to reconcile the cash balance for Gourmet Catering Services." A deposit
of $5,800 is in transit. Outstanding checks total $1,100.* The book balance is $6,000 at February
28, 2019.* The bookkeeper recorded a $1,700 check as $17,300 in payment of the current month's rent.*
The bank balance at February 28, 2019 was $17,230.* A deposit of $400 was credited by the bank for $
4,000. * A customer's check for $3,200 was returned for nonsufficient funds." The bank service charge is $
70. What was the adjusted book balance?A. $18,400B. $18, 330C. $18, 470D. $17,3008
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