A company's Cash account shows an ending balance of $4,600. Reconciling items included a bookkeeper error...
A company's Cash account shows an ending balance of
$4,600.
Reconciling items included a bookkeeper error of
$100(a$500check recorded as $600), two outstanding checks totaling $810,
a service charge of $20, a deposit in transit of $260,and interest revenue of $33.
What is the adjusted book balance?
Homework Answers
Adjusted book balance
= Ending balance + error + interest - Service charge
= 4,600 + 100 + 33 -20
= 4713
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