A company received a bank statement with a balance of $6,200.Reconciling items included a bookkeeper error of $400-a $400 check recorded as $500-two outstanding checks totaling $840,a service charge of $24,a deposit in transit of $260,and interest revenue of $19.What is the adjusted bank balance?

Question

Quizplus · Accepted Answer

Adjusted bank balance = $6,200 - $840 + $260 = $5,620

A Company Received a Bank Statement with a Balance of $6,200.Reconciling