Question

Rodgers Company gathered the following reconciling information in preparing its May bank reconciliation. Calculate the adjusted cash balance per books on May 31. Cash balance per books, 5/31 $3,064 Deposits in transit 149 Notes receivable and interest collected by bank 840 Bank charge for check printing 44 Outstanding checks 1,406 NSF check 166

Answer 1

Answer:

The adjusted cash balance per books is $3694

Explanation:

The adjusted cash balance on May 31 will be calculated by adjusting the balance of transactions that do not appear in the calculation of the unadjusted cash balance on May 31 in the books of the company. The adjusted cash balance will be,

Unadjusted cash balance per book   $3064

(+) Notes receivable & interest

    collected by bank                            $840

(-) Bank charges for check printing     ($44)

(-) NSF recorded                                    ($166)

Adjusted cash balance per book         $3694