A company's Cash account shows an ending balance of $4,400.Reconciling items included a bookkeeper error of $100 (a $500 check recorded as $600),two outstanding checks totaling $810,a service charge of $25,a deposit in transit of $250,and interest revenue of $30.What is the adjusted book balance?

Question

Quizplus · Accepted Answer

C)Adjusted book balance = $4,400 + $100 - $25 + $30 = $4,505

A Company's Cash Account Shows an Ending Balance of $4,400