Derek Company gathered the following reconciling information in preparing its September bank reconciliation: Cash balance per...

Derek Company gathered the following reconciling information in preparing its September bank reconciliation:

Cash balance per books, 9/30 $2,190

Deposits in transit 572

Notes receivable and interstate's collected by bank. 879

Bank charge for check printing 29

Outstanding checks 1,322

NSF 178

Find the adjusted cash balance per books on September 30.

Select the correct answer.

$2,862

$2,112

$1,440

$2,290

Expert Solution

Answer:- $2,862

Banner Limited
Bank reconciliation
Sep-30
Bank Statement Balance			Book Balance		$ 2,190.00
Add:			Add:
Deposit in transit	$ 572.00		Notes receivable	$ 879.00



		$ 572.00			$ 879.00

Deduct:			Deduct:
Outstanding checks	$ 1,322.00		Bank charges	$ 29.00
			NSF	$ 178.00



		$ 1,322.00			$ 207.00


Adjusted bank balance		$ -750.00	Adjusted book balance		$ 2,862.00

ekkarill92 answered 2 years ago

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