Question

Blue Spruce Corp. gathered the following reconciling information in preparing its June bank reconciliation: Cash balance per books, 6/30 $14600 Deposits in transit 1000 Notes receivable and interest collected by bank 2580 Bank charge for check printing 85 Outstanding checks 5200 NSF check 490 The adjusted cash balance per books on June 30 is:_________.

a. $17585.
b. $17605.
c. $16605.
d. $17180.

Answer 1

c. $16605

Step-by-step explanation:

Calculation to determine what The adjusted cash balance per books on June 30 is:

Using this formula

Adjusted Cash Balance=Cash balance + Notes receivable - Check Printing - NSF Check

Let plug in the formula

Adjusted Cash Balance=$14600 + $2,580 - $85 - $490

Adjusted Cash Balance= $16605

Therefore The adjusted cash balance per books on June 30 is:$16605