Question: Using the following information, determine the adjusted book balance: - Bank balance: $12,565. - Book balance: $13,744 - Deposits in transit: $2,509. - Outstanding checks:
Using the following information, determine the adjusted book balance: - Bank balance: $12,565. - Book balance: $13,744 - Deposits in transit: \$2,509. - Outstanding checks: $1,777. - Bank charges: $125. - Bank incorrectly charged the account for $412. The bank will correct the error next month. - Check number 1879 correctly cleared the bank in the amount of $562 but posted in the accounting records as $652. This check was expensed to Utilities Expense. $13,709 $12,565 $13,744 $2,509
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