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While Preparing the February 28th Bank Reconciliation,the Accountant Identified the Following

Question 66

Multiple Choice

While preparing the February 28th bank reconciliation,the accountant identified the following items: Company’s balance according to the general ledger $23,100Outstanding checks 550 Interest earned on the checling account 100A customer’s NSF check retune d by the bank 1,000\begin{array}{ll} \text {Company's balance according to the general ledger } &\$ 23,100\\ \text {Outstanding checks } &550\\ \text { Interest earned on the checling account } &100\\ \text {A customer's NSF check retune d by the bank } &1,000\end{array}
In the process of preparing the reconciliation,the accountant discovered an error in recording a customer's check;the amount was incorrectly recorded on the books as a cash receipt of $600,while the bank correctly recorded the amount as $650.What is the company's adjusted cash balance on February 28th?


A) $22,250
B) $21,700
C) $22,200
D) $22,150

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