The following information was used in reconciling the bank account for Meyer Company on October 31:

Calculate the Adjusted Book Balance on October 31.

Question

The following information was used in reconciling the bank account for Meyer Company on October 31:

Calculate the Adjusted Book Balance on October 31.

Quizplus · Accepted Answer

$30,000 balance per books - $930 utility bill paid by bank - $60 check printing charge - $1,050 NSF check = $27,960 Adjusted book balance.
$27,480 balance per bank statement + $1,830 deposits in transit - $1,350 outstanding checks = $27,960.

The Following Information Was Used in Reconciling the Bank Account