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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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.