Dr. Solo is preparing a single journal entry for December 31, 2022. The bank statement shows a balance of $10,500 on that day. Three checks were made out on that day: one for $250 for medical supplies, the second for $175 for computer software, and the third for $105 for hand sanitizers. A deposit for $9,000 is not showing on the bank statement. For December, the bank has credited interest to the account for $85 and charged a bank service fee of $55. There is a non-sufficient funds check for $55.00. You will prepare the journal entry to record and complete the bank reconciliation to determine the adjusted cash balance per the facility's accounting records. 

What is the total of the adjusted bank balance?"

Answer rating: 100% (QA)

To determine the adjusted bank balance we need to make adjustments for the outstanding deposit outst... View the full answer