The following data were taken from a firms bank reconciliation statement: book balance, $7,910; deposit in transit,
Question:
The following data were taken from a firm’s bank reconciliation statement: book balance, $7,910; deposit in transit, $150; NSF check from a customer, $200; outstanding checks, $5,000; bank service charge, $10. Its adjusted book balance is:
a. $7,720.
b. $8,120.
c. $7,700.
d. $8,100.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
College Accounting A Contemporary Approach
ISBN: 9781260780352
5th Edition
Authors: David Haddock, John Price, Michael Farina
Question Posted: