The August bank statement for Jenn's Nursing Service shows a balance of $8,900, but the balance per the ledger account shows a cash balance of $8,310. Other information includes 1. A cheque for $10 was recorded on the books as $100.
2) Included on the bank statement was a note collected by the bank for $600 plus $40 interest.
3) Cheques outstanding totalled $480.
4) Bank service charges were $20.
5) Deposits in transit were $600.
The adjusted cash balance at the end of August should be
A) $9,660.
B) $9,020.
C) $8,840.
D) $8,770.

Question

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The Answer of The August bank statement for Jenn's Nursing Service shows a balance of $8,900, but the balance per the ledger account shows a cash balance of $8,310. Other information includes 1. A cheque for $10 was recorded on the books as $100.
2) Included on the bank statement was a note collected by the bank for $600 plus $40 interest.
3) Cheques outstanding totalled $480.
4) Bank service charges were $20.
5) Deposits in transit were $600.
The adjusted cash balance at the end of August should be
A) $9,660.
B) $9,020.
C) $8,840.
D) $8,770.

The August Bank Statement for Jenn's Nursing Service Shows a Balance