Speed Racer Company developed the following reconciling information in preparing its September bank reconciliation: $$\begin{array} { l r }
\text { Cash balance per bank, } 9 / 30 & \$ 27,000 \
\text { Note receivable collected by bank } & 12,800 \
\text { Outstanding checks } & 14,000 \
\text { Deposits in transit } & 6,000 \
\text { Bank service charge } & 350 \
\text { NSF check } & 2,900
\end{array}$$ Determine the cash balance per books (before adjustments) for Speed Racer Company.
A) $19000.
B) $9450.
C) $10650.
D) $21000.

Question

Speed Racer Company developed the following reconciling information in preparing its September bank reconciliation: $$\begin{array} { l r } 
\text { Cash balance per bank, } 9 / 30 & \$ 27,000 \
\text { Note receivable collected by bank } & 12,800 \
\text { Outstanding checks } & 14,000 \
\text { Deposits in transit } & 6,000 \
\text { Bank service charge } & 350 \
\text { NSF check } & 2,900
\end{array}$$ Determine the cash balance per books (before adjustments) for Speed Racer Company.
A) $19000.
B) $9450.
C) $10650.
D) $21000.

Quizplus · Accepted Answer

The Answer of Speed Racer Company developed the following reconciling information in preparing its September bank reconciliation: $$\begin{array} { l r } 
\text { Cash balance per bank, } 9 / 30 & \$ 27,000 \
\text { Note receivable collected by bank } & 12,800 \
\text { Outstanding checks } & 14,000 \
\text { Deposits in transit } & 6,000 \
\text { Bank service charge } & 350 \
\text { NSF check } & 2,900
\end{array}$$ Determine the cash balance per books (before adjustments) for Speed Racer Company.
A) $19000.
B) $9450.
C) $10650.
D) $21000.

Speed Racer Company Developed the Following Reconciling Information in Preparing