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29 November, 15:56

Gunnar Company gathered the following reconciling information in preparing its September bank reconciliation. Calculate the adjusted cash balance per books on September 30. Cash balance per books, September 30 $ 3,217 Deposits in transit 566 Notes receivable and interest collected by bank 802 Bank charge for check printing 22 Outstanding checks 1,434 NSF check 102 a. $2,349 b. $3,027 c. $3,129 d. $3,895

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  1. 29 November, 18:22
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    Hence, the adjusted cash balance per books on September 30 is $3,895

    So, the correct option is d. $3,895

    Explanation:

    For computing adjusted cash balance per books, following transactions is need to be considered which is shown below:

    Cash balance per books, September 30 = $3,217

    Add : Notes receivable and interest collected by bank = $802

    Less : Bank charge for check printing = ($22)

    Less : NSF check = (102)

    So, Adjusted cash balance per books = $3,217 + $802 - $22 - $102

    = $3,895

    All other transactions are not considered. Hence, it is not been taken in the computation part.

    Hence, the adjusted cash balance per books on September 30 is $3,895

    So, the correct option is d. $3,895
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