Solved

The Accountant for Busch Corp What Amount Will Busch Report as Its Adjusted Cash Balance

Question 55

Multiple Choice

The accountant for Busch Corp.was preparing a bank reconciliation as of February 28,2017.The following items were identified: ?
 Busch’s book balance $15,000 Outstanding checks 2,500 Service charge 15 Customer’s NSF check returned by the bank 100\begin{array} { l r } \text { Busch's book balance } & \$ 15,000 \\\text { Outstanding checks } & 2,500 \\\text { Service charge } & 15 \\\text { Customer's NSF check returned by the bank } & 100\end{array} What amount will Busch report as its adjusted cash balance at February 28,2017?


A) $12,385
B) $12,500
C) $14,885
D) $17,385

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents