A company received a bank statement showing a balance of $75,100. Reconciling items included outstanding checks of $2,250, and a deposit in transit of $9,500. What is the company's adjusted bank balance?
A)$63,350
B)$67,850
C)$82,350
D)$65,600

Question

Quizplus · Accepted Answer

Adjusted bank balance = Bank statement balance - outstanding checks + deposit in transit
Adjusted bank balance = $75,100 - $2,250 + $9,500
Adjusted bank balance = $82,350

A Company Received a Bank Statement Showing a Balance of $75,100