The accountant for Lola Corp.was preparing a bank reconciliation as of February 28,2017.The following items were identified:$$\begin{array} { l r }
\text { Lola's book balance } & \$ 35,900 \
\text { Outstanding checks } & 12,050 \
\text { Interest earned on checking accounts } & 75 \
\text { Customer's NSF check returned by the bank } & 325
\end{array}$$ There was an error in recording a customer's check as the check was recorded by Lola as $110,but the correct amount of $101 was recorded by the bank.
Lola's adjusted cash balance at February 28,2017 is

Question

The accountant for Lola Corp.was preparing a bank reconciliation as of February 28,2017.The following items were identified:$$\begin{array} { l r } 
\text { Lola's book balance } & \$ 35,900 \
\text { Outstanding checks } & 12,050 \
\text { Interest earned on checking accounts } & 75 \
\text { Customer's NSF check returned by the bank } & 325
\end{array}$$ There was an error in recording a customer's check as the check was recorded by Lola as $110,but the correct amount of $101 was recorded by the bank.
Lola's adjusted cash balance at February 28,2017 is

Quizplus · Accepted Answer

The Answer of The accountant for Lola Corp.was preparing a bank reconciliation as of February 28,2017.The following items were identified:$$\begin{array} { l r } 
\text { Lola's book balance } & \$ 35,900 \
\text { Outstanding checks } & 12,050 \
\text { Interest earned on checking accounts } & 75 \
\text { Customer's NSF check returned by the bank } & 325
\end{array}$$ There was an error in recording a customer's check as the check was recorded by Lola as $110,but the correct amount of $101 was recorded by the bank.
Lola's adjusted cash balance at February 28,2017 is

The Accountant for Lola Corp There Was an Error in Recording a Customer's Check as of February