Question: Shown below is a partially completed bank reconciliation for Keith Transport at August 31, as well as additional data necessary to answer the questions which

 Shown below is a partially completed bank reconciliation for Keith Transport

Shown below is a partially completed bank reconciliation for Keith Transport at August 31, as well as additional data necessary to answer the questions which follow. KEITH TRANSPORT Bank Reconciliation August 31, 19_ $ 26,550 Balance per bank statement ....... Add: Deduct: Adjusted cash balance Balance per depositor's records ........ .......... $19,050 Add: Deduct: Adjusted cash balance ..... Additional information Outstanding checks: no. 729, $1,890, no. 747, $450; no. 752, $1,215. b Check no. 742 (for repairs) was written for $684 but erroneously recorded in Keith's records as $486. Deposits in transit, $4,140. Note collected by the bank and credited to Keith's account, $9.600. NSF check of C. Thomas, one of Keith's customers, $1,278. Bank service charge for August, $39. In Keith's completed bank reconciliation at August 31, what dollar amount should be deducted from the balance per bank statement [indicated by 2 above)? a $1,515. b $3,555. c $1,317. d $3,753. In Keith's completed bank reconciliation at August 31, what dollar amount should be added to the balance per depositor's records indicated by 3 above)? a $4,140. b $3,555. c $9,600. d $4,338. In Keith's completed bank reconciliation at August 31, what dollar amount should be deducted from the balance per depositor's records indicated by 4 above)? a $1,317. b $3,555. c $3,753. d $1,515. Keith Transport keeps $500 cash on hand in addition to this checking account and has no other bank accounts or cash equivalents. What amount should appear as Cash in Keith's August 31 balance sheet? a $27,635. c $27,135. b $19,650. d Some other amount. The necessary adjustment to Keith Transport's accounting records as of August 31 includes a net: a Increase to Cash of $7,500. Increase to Cash of $8.085 b Increase to Cash of $585. Decrease to Cash of $198

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