Solved

Gunnar Company Gathered the Following Reconciling Information in Preparing Its

Question 114

Multiple Choice

Gunnar Company gathered the following reconciling information in preparing its September bank reconciliation. Calculate the adjusted cash balance per books on September 30.?  Cash balance per books, September 30$2,750 Deposits in transit 200 Notes receivable and interest collected by bank 630 Bank charge for check printing 50 Outstanding checks 1,250 NSF check 290\begin{array} { | l | r | } \hline \text { Cash balance per books, September } 30 & \$ 2,750 \\\hline \text { Deposits in transit } & 200 \\\hline \text { Notes receivable and interest collected by bank } & 630 \\\hline \text { Bank charge for check printing } & 50 \\\hline \text { Outstanding checks } & 1,250 \\\hline \text { NSF check } & 290 \\\hline\end{array}


A) $5,130
B) $3,690
C) $3,040
D) $1,590

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions