Delco Construction
The following items relate to the company's March bank reconciliation:
$\begin{array}{llr}
\text { Bank statement balance} &\$29,600\
\text { Unadjusted cash balance according to company records } &?\
\text { Deposit in transit } &2,200\
\text { Outstanding cheques} &3,100\
\text { Bank service charges } &200\
\text { Interest earned on the bank account } &100\
\text { Customer's NSF cheque returned by the bank } &300\
\end{array}$

-Refer to the figure Delco Construction.What is the net amount of the adjustments to the company's cash balance as a result of the bank reconciliation?

Question

Delco Construction
The following items relate to the company's March bank reconciliation:
 $\begin{array}{llr}
  \text {  Bank statement balance} &\$29,600\
 \text { Unadjusted cash balance according to company records } &?\
 \text { Deposit in transit } &2,200\
 \text {  Outstanding cheques} &3,100\
 \text { Bank service charges } &200\
 \text { Interest earned on the bank account } &100\
 \text { Customer's NSF cheque returned by the bank } &300\
\end{array}$

-Refer to the figure Delco Construction.What is the net amount of the adjustments to the company's cash balance as a result of the bank reconciliation?

Quizplus · Accepted Answer

The net adjustments to the company's cash balance include a decrease of $200 for bank service charges and a decrease of $300 for the NSF cheque, totaling a $500 decrease. However, there is an increase of $100 for interest earned, resulting in a net decrease of $400.

Delco Construction the Following Items Relate to the Company's March

Delco Construction
the Following Items Relate to the Company's March