Ask Question
25 October, 03:45

In preparing its August 31, 2010 bank reconciliation, Adel Corp. has available the following information:

Balance per bank statement, 8/31/10 $21,650

Deposit in transit, 8/31/10 3,900

Return of customer's check for insufficient funds, 8/30/10 600

Outstanding checks, 8/31/10 2,750

Bank service charges for August 100

At August 31, 2010, Adel's correct cash balance is

A.$22,800.

B.$22,200.

C.$22,100.

+3
Answers (1)
  1. 25 October, 07:17
    0
    Answer: C $22,100

    Explanation: Bank Reconciliation

    8/31/10 Bank Balance $21,650

    Add:

    8/31/10 Deposit in transit. $3,900

    Less:

    8/31/10 Outstanding Chq. $2,750

    8/30/10 Rtd Chq. $600

    8/31/10 Bank Charges. $100

    Cash book balance $22,100
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “In preparing its August 31, 2010 bank reconciliation, Adel Corp. has available the following information: Balance per bank statement, ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers