Gentech Corp.prepared a bank reconciliation as of June 30, 2016.The following items were identified: $$\begin{array} { l r }
\text { Gentech's bank balance } & \$ 14,300 \
\text { Deposits in transit } & \$ 1,000 \
\text { Outstanding checks } & 1,300 \
\text { Bank service charges } & 50 \
\text { Customer's NSF check returned by the bank } & 150
\end{array}$$ ? Gentech's adjusted cash balance at June 30, 2016 is
A) $13,800
B) $14,100
C) $14,000
D) $14,300

Question

Gentech Corp.prepared a bank reconciliation as of June 30, 2016.The following items were identified: $$\begin{array} { l r } 
\text { Gentech's bank balance } & \$ 14,300 \
\text { Deposits in transit } & \$ 1,000 \
\text { Outstanding checks } & 1,300 \
\text { Bank service charges } & 50 \
\text { Customer's NSF check returned by the bank } & 150
\end{array}$$ ? Gentech's adjusted cash balance at June 30, 2016 is
A) $13,800
B) $14,100
C) $14,000
D) $14,300

Quizplus · Accepted Answer

The Answer of Gentech Corp.prepared a bank reconciliation as of June 30, 2016.The following items were identified: $$\begin{array} { l r } 
\text { Gentech's bank balance } & \$ 14,300 \
\text { Deposits in transit } & \$ 1,000 \
\text { Outstanding checks } & 1,300 \
\text { Bank service charges } & 50 \
\text { Customer's NSF check returned by the bank } & 150
\end{array}$$ ? Gentech's adjusted cash balance at June 30, 2016 is
A) $13,800
B) $14,100
C) $14,000
D) $14,300

Gentech Corp ? Gentech's Adjusted Cash Balance at June 30, 2016 Is