Northwest Plumbing's bank statement shows a bank balance of $43,267.The statement shows a bank service charge of $50.Northwest Plumbing's book balance shows outstanding checks of $5,288 and deposits in transit of $9,325.The adjusted balance on the bank side of the reconciliation would be:

Question

Quizplus · Accepted Answer

The adjusted bank balance is calculated by adding deposits in transit ($9,325) to the bank balance ($43,267) and subtracting outstanding checks ($5,288), resulting in $47,304.

Northwest Plumbing's Bank Statement Shows a Bank Balance of $43,267