The following information is needed to reconcile the cash balance for dibcount D
ID: 2570500 • Letter: T
Question
The following information is needed to reconcile the cash balance for dibcount Dry ceaning.1. A deposit of 5,600 is in transit.2.Outstanding checks total 1,300. 3. The book balance is 6,300 at February 28, 2019. 4.The bookkeeper recorded a 1,600 check as 17,400 in payment of the current month's rent. 5. The bank balance at February 28,2019 was 17,930. 6.A deposit of 400 was credited by the bank for 4,000.7. Acostomer's check for 3,400 was returned for nonsufficient funds. 8. The bank service charge is 70.
what was the adjusted book balance? (A)18,770 ( B)18,630 ( C)18,700 ( D) 18,000
Explanation / Answer
Adjusted book balance = 6300+(17400-1600)-3400-70= 18630 Option B is correct
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