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Determine the Adjusted Cash Balance Per Bank for Santa's Packaging

Question 18

Multiple Choice

Determine the adjusted cash balance per bank for Santa's Packaging on November 30,from the following information:  Cash balance on the bank statement $2,350 Customer’s check returned-NSF 500 Customer’s note collected by the bank 600 Deposits in transit, November 30 1,400 Outstanding checks, November 30 2,650\begin{array} { | l | r | } \hline \text { Cash balance on the bank statement } & \$ 2,350 \\\hline \text { Customer's check returned-NSF } & 500 \\\hline \text { Customer's note collected by the bank } & 600 \\\hline \text { Deposits in transit, November 30 } & 1,400 \\\hline \text { Outstanding checks, November 30 } & 2,650 \\\hline\end{array}


A) $1,250
B) $1,100
C) $1,550
D) $1,350

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