The following information was used in reconciling the bank account for Oscar Company on October 31: Balance per bank, October 31 $18,320 Insufficient funds check 700 Outstanding checks 900 Utility bill paid by bank 620 Check printing charge 40 Deposits in transit 1,220 Balance per books, October 31 20,000 Calculate the Adjusted Book Balance on October 31. $18,640 $16,720 $18,840 $18,040
The following information was used in reconciling the bank account for Oscar Company on October 31: Balance per bank, October 31 $18,320 Insufficient funds check 700 Outstanding checks 900 Utility bill paid by bank 620 Check printing charge 40 Deposits in transit 1,220 Balance per books, October 31 20,000 Calculate the Adjusted Book Balance on October 31. $18,640 $16,720 $18,840 $18,040
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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
Transcribed Image Text:The following information was used in reconciling the bank account for Oscar
Company on October 31:
Balance per bank, October 31
$18,320
Insufficient funds check
700
Outstanding checks
900
Utility bill paid by bank
620
Check printing charge
40
Deposits in transit
1,220
Balance per books, October 31
20,000
Calculate the Adjusted Book Balance on October 31.
$18,640
$16,720
$18,840
$18,040
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