A company received a bank statement with a balance of $ 6 comma 000. Reconciling items included a bookkeeper error of $ 300long dasha$ 300check recorded as $ 700long dashtwooutstanding checks totaling $ 810 , a service charge of $ 21 , a deposit in transit of $ 250 , and interest revenue of $ 22. What is the adjusted bank balance?

Question

Business

Tatiana Booth

4 September, 00:28

A company received a bank statement with a balance of $ 6 comma 000. Reconciling items included a bookkeeper error of $ 300long dasha$ 300check recorded as $ 700long dashtwooutstanding checks totaling $ 810 , a service charge of $ 21 , a deposit in transit of $ 250 , and interest revenue of $ 22. What is the adjusted bank balance?

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Answers (1)

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Tobias Wilkins · Answer 1

The adjusted bank balance is $5,293

Explanation:

In order to calculate the adjusted bank balance we would have to make the following calculation:

adjusted bank balance=Bank balance as per bank statement+Deposit in transit+Bank Service Charge+Interest revenue-Outstanding Checks-Error made by book keeper

adjusted bank balance=$6,000+$250+$21+$22-$700-$300

adjusted bank balance=$5,293

The adjusted bank balance is $5,293