The ending bank statement balance at November 30 is $6,750.The bank statement shows a service charge of $95,electronic funds receipts of $500 and a NSF check for $350.Deposits in transit total $2,050 and outstanding checks are $1,835.The balance per books at November 30 is $6,910.What is the adjusted book balance at November 30?
A)$6,750
B)$6,805
C)$6,965
D)$7,105

Question

Quizplus · Accepted Answer

The adjusted book balance is calculated by taking the book balance of $6,910, subtracting the service charge of $95, subtracting the NSF check of $350, and adding the electronic funds receipts of $500. This results in an adjusted book balance of $6,965.

The Ending Bank Statement Balance at November 30 Is $6,750