Gentech Corp. prepared a bank reconciliation as of June 30, 2017. The following items were identified: Gentech's
Fantastic news! We've Found the answer you've been seeking!
Question:
Gentech Corp. prepared a bank reconciliation as of June 30, 2017. The following items were identified:
Gentech's bank balance $14,300
Deposits in transit 1,000
Outstanding checks 1,300
Bank service charge 50
Customer's NSF check returned by the bank 150
Gentech's adjusted cash balance at June 30, 2017 is
a. $14,100.
b. $14,000.
c. $13,800.
d. $14,300.
Related Book For
Accounting What the Numbers Mean
ISBN: 978-0078025297
10th edition
Authors: David H. Marshall, Wayne W. McManus, Daniel F. Viele
Posted Date: