The following data were gathered to use in reconciling the bank account of Savannah Company:
What is the adjusted balance on the bank reconciliation?
A) $14,470
B) $10,705
C) $15,095
D) $15,720

Question

The following data were gathered to use in reconciling the bank account of Savannah Company: ​
 What is the adjusted balance on the bank reconciliation?
A) $14,470 
B) $10,705 
C) $15,095 
D) $15,720

Quizplus · Accepted Answer

The adjusted balance on the bank reconciliation is calculated as follows:
Starting balance per bank statement: $16,890
Add: Deposits in transit: $3,800
Less: Outstanding checks: $4,240
Less: Bank service charge: $25
Less: NSF check: $330
Adjusted balance per bank: $15,095
Therefore, the answer is C.

The Following Data Were Gathered to Use in Reconciling the Bank