A company\'s Cash account shows an ending balance of $4.600. Reconciling items i

Question

A company's Cash account shows an ending balance of $4.600. Reconciling items included a bookkeeper error of $105 (a $525 check recorded as $630), two outstanding checks totaling $830, a service charge of $20, a deposit in transit of $260, and interest revenue of $35. What is the adjusted book balance? Select one: A $4,720 B. $5.170 C $4.718 D. $4,482 E. none of the above In reconciling a bank statement, the bank balance is $1,500, and the checkbook balance is 52.105. Which of the following is the most probable reason for the checkbook batance being larger than the bank balance? Select one A A deposit in transit was made at the end of the month. B. The bank has not cleared certain outstanding checks c. The bank has added interest revenue to the account balance D. The bank received an EFT from a customer E none of the above "

Explanation / Answer

Adjusted book balance

= Ending balance per cash account + Bookkeeper error - Service charge + Interest revenue

= $4,600 + $105 - $20 + $35

= $4,720

Adjusted book balance is $4,720.

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