Question

Alpha Company was preparing its month-end bank reconciliation. The cash balance per the general ledger was $1,645. Alpha's accountant discovered that the bank had charged $15 in service charges for the month, that outstanding checks were $60, and that there were no deposits in transit. What is the correct adjusted ending cash balance?

Answer 1

Answer:

bank service expense 15 debit

cash 15 credit

Adjusted cash = 1,630

Explanation:

1,645

-15 bank services

1,630 adjusted cash balance

The accountant realize of the service fee at the momentof receive the bank statement, so it wasn't recorded. It must be adjusted

The outstanding checks are an adjustment made on the bank statement