Multiple Choice
A company received a bank statement with a balance of $6,350. Reconciling items included a bookkeeper error of $300-a $300 check recorded as $600-two outstanding checks totaling $820, a service charge of $25, a deposit in transit of $280, and interest revenue of $21. What is the adjusted bank balance?
A) $5,636
B) $5,610
C) $5,016
D) $5,810
Correct Answer:

Verified
Correct Answer:
Verified
Q22: Which of the following would be included
Q23: The following information is needed to reconcile
Q25: Which of the following describes the internal
Q38: External auditors evaluate company controls to ensure
Q47: When calculating the cash ratio,the numerator includes
Q61: Journal entries that are necessitated by reconciling
Q67: A petty cash fund was established with
Q70: A check of $300,000,deposited by a company,was
Q74: Having a cash ratio below 1 is
Q87: A streamlined process that bypasses paper documents