A company's Cash account shows an ending balance of $4,200.Reconciling items included a bookkeeper error of $50 (a $550 check recorded as $600),two outstanding checks totaling $810,a service charge of $25,a deposit in transit of $280,and interest revenue of $33.What is the adjusted book balance?

Question

Quizplus · Accepted Answer

C) Adjusted book balance = $4,200 + $50 - $25 + $33 = $4,258

A Company's Cash Account Shows an Ending Balance of $4,200