Shown below is a partially completed bank reconciliation for Hubbard Transport at August 31, as well as additional data necessary to answer the questions that follow.
HUBBARD TRANSPORT
Bank Reconciliation
August 31, Year 1
Additional information
a) Outstanding checks: no. 729, $1,253; no. 747, $245; no. 752, $781.
b) Check no. 742 (for repairs) was written for $398 but erroneously recorded in Hubbard's records as $839.
c) Deposits in transit, $2,254.
d) Note collected by the bank and credited to Hubbard's account, $4,800.
e) NSF check of C. Craig, one of Hubbard's customers, $1,525.
f) Bank service charge for August, $35.
-The necessary adjustment to Hubbard Transport's accounting records as of August 31 includes a net:

Question

Shown below is a partially completed bank reconciliation for Hubbard Transport at August 31, as well as additional data necessary to answer the questions that follow.
HUBBARD TRANSPORT
 Bank Reconciliation
 August 31, Year 1
  Additional information
a) Outstanding checks: no. 729, $1,253; no. 747, $245; no. 752, $781.
b) Check no. 742 (for repairs) was written for $398 but erroneously recorded in Hubbard's records as $839.
c) Deposits in transit, $2,254.
d) Note collected by the bank and credited to Hubbard's account, $4,800.
e) NSF check of C. Craig, one of Hubbard's customers, $1,525.
f) Bank service charge for August, $35.
-The necessary adjustment to Hubbard Transport's accounting records as of August 31 includes a net:

Quizplus · Accepted Answer

The necessary adjustment to Hubbard Transport's accounting records results in a net increase to Cash of $3,681, as indicated by the correct choice.

Shown Below Is a Partially Completed Bank Reconciliation for Hubbard