Cesario Auto's bank statement shows a bank balance of $43,567. The statement shows a bank service charge of $20 and a note collection of $840 on Cesario Auto's behalf. Cesario Auto's book balance should be adjusted by a total of:

Question

Quizplus · Accepted Answer

The book balance should be adjusted by adding the note collection of $840 and subtracting the bank service charge of $20, resulting in a net adjustment of +$820.

Cesario Auto's Bank Statement Shows a Bank Balance of $43,567