Question

A company received a bank statement with a balance of $6,100. Reconciling items included a bookkeeper error of $400—a $400 check recorded as $800—two outstanding checks totaling $810, a service charge of $24, a deposit in transit of $270, and interest revenue of $21. What is the adjusted bank balance?

Answer 1

Answer:

adjusted bank balance  = $5205

Explanation:

given data

Bank balance as per bank statement = $6100

Deposit in transit =  $270

Bank Service Charge = $24

Interest revenue = $21

Outstanding Checks = $810

Error made by book keeper = $400

to find out

adjusted bank balance

solution

we get here adjusted bank balance that is express as here

adjusted bank balance = Bank balance as per bank statement + Deposit in transit + Bank Service Charge + Interest revenue - Outstanding Checks - Error made by book keeper    .......................1

put here value we get

adjusted bank balance = $6100  + $270 + $24 + $21 - $810 - $400

adjusted bank balance  = $5205