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The Ending Bank Statement Balance at November 30 Is $7000

Question 118

Multiple Choice

The ending bank statement balance at November 30 is $7000. The bank statement shows a service charge of $85, electronic funds receipts of $600 and a NSF check for $250. Deposits in transit total $2,050 and outstanding checks are $1,835. The balance per books at November 30 is $6950. What is the adjusted book balance at November 30?


A) $7265
B) $7165
C) $7215
D) $8715

Correct Answer:

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