A company's Cash account shows an ending balance of $4,600.Reconciling items included a bookkeeper error of $105 (a $525 check recorded as $630),two outstanding checks totaling $830,a service charge of $20,a deposit in transit of $260,and interest revenue of $33.What is the adjusted book balance?

Question

Quizplus · Accepted Answer

Adjusted book balance = $4,600 + $105 - $20 + $33 = $4,718

A Company's Cash Account Shows an Ending Balance of $4,600