The balance shown on the bank statement is $25,304.75. There is one outstanding check for $2,005.53, and one outstanding deposit for $5000.00. What should the adjusted bank statement balance be on the bank reconciliation?
A) $20,304.75
B) $27,310.28
C) $28,299.22
D) $32,310.28

Question

The balance shown on the bank statement is $25,304.75. There is one outstanding check for $2,005.53, and one outstanding deposit for $5000.00.  What should the adjusted bank statement balance be on the bank reconciliation?
A) $20,304.75
B) $27,310.28
C) $28,299.22
D) $32,310.28

Quizplus · Accepted Answer

The adjusted bank statement balance is calculated by subtracting the outstanding check and adding the outstanding deposit to the bank statement balance: $25,304.75 - $2,005.53 + $5,000.00 = $28,299.22.

The Balance Shown on the Bank Statement Is $25,304