The set of items below was identified in preparing a bank reconciliation for Heath Corp.as of August 31,2014. Heath Corp.'s balance per books before the reconciliation is

Question

The set of items below was identified in preparing a bank reconciliation for Heath Corp.as of August 31,2014.  Heath Corp.'s balance per books before the reconciliation is

Quizplus · Accepted Answer

To find the balance per books before the reconciliation, we need to add the deposits in transit and subtract the outstanding checks from the bank statement balance. The bank statement balance given in the set of items is $17,100. Adding the deposits in transit of $150 and subtracting the outstanding checks of $60 (checks #354 and #356), we get a balance per books of $17,190. Therefore, the correct answer is choice C.

The Set of Items Below Was Identified in Preparing a Bank