While preparing the April 30th bank reconciliation,the accountant identified the following items:
$\begin{array}{ll}
\text {Company's balance according to the general ledger } &15,000\
\text {Outstanding checks } &2,500 \
\text { Bank service charge }&15 \
\text {A customer's NSF check retune d by the bank } &100
\end{array}$ What is the company's adjusted cash balance at April 30th?

Question

While preparing the April 30th bank reconciliation,the accountant identified the following items: 
$\begin{array}{ll}
   \text {Company's balance according to the general ledger } &15,000\
\text {Outstanding checks } &2,500 \
\text { Bank service charge }&15 \
 \text {A customer's NSF check retune d by the bank } &100
\end{array}$ What is the company's adjusted cash balance at April 30th?

Quizplus · Accepted Answer

The adjusted cash balance is calculated by subtracting the bank service charge and the NSF check from the company's balance: $15,000 - $15 - $100 = $14,885.

While Preparing the April 30th Bank Reconciliation,the Accountant Identified the Following