Question

Olde Shoppe has the following information at August 31: • Two deposits made on August 31 were not on the bank statement, totaling $5,300. • The bank collected an EFT payment on a note receivable for $2,800. Of this amount, $250 represented interest on the note. • August 31 balance in Cash was $11,687. • The bookkeeper forgot to record check #1578 for $543 which was cashed by the bank on August 15th. • The balance on the bank statement as of August 31 was $10,640. • A check printing service fee of $60 was shown on the bank statement. • A NSF check of $300. • Checks #1572, 1606, and 1548, totaling $2,356, were not shown on the bank statement, even though the company had sent the checks. What is the adjusted book balance at August 31? A. $7,984 B. $13,584 C. $11,687 D. $13,334 

          Olde Shoppe has the following information at August 31:
• Two deposits made on August 31 were not on the bank statement, totaling $5,300.
• The bank collected an EFT payment on a note receivable for $2,800. Of this amount, $250 represented interest on the note.
• August 31 balance in Cash was $11,687.
• The bookkeeper forgot to record check #1578 for $543 which was cashed by the bank on August 15th.
• The balance on the bank statement as of August 31 was $10,640.
• A check printing service fee of $60 was shown on the bank statement.
• A NSF check of $300.
• Checks #1572, 1606, and 1548, totaling $2,356, were not shown on the bank statement, even though the company had sent the checks.
What is the adjusted book balance at August 31?
A. $7,984
B. $13,584
C. $11,687
D. $13,334
Show more…
Olde Shoppe has the following information at August 31: • Two deposits made on August 31 were not on the bank statement, totaling 5,300. • The bank collected an EFT payment on a note receivable for2,800. Of this amount, 250 represented interest on the note. • August 31 balance in Cash was11,687. • The bookkeeper forgot to record check #1578 for 543 which was cashed by the bank on August 15th. • The balance on the bank statement as of August 31 was10,640. • A check printing service fee of 60 was shown on the bank statement. • A NSF check of300. • Checks #1572, 1606, and 1548, totaling 2,356, were not shown on the bank statement, even though the company had sent the checks. What is the adjusted book balance at August 31? A.7,984 B. 13,584 C.11,687 D. 13,334

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Horngren’s Cost Accounting
Horngren’s Cost Accounting
Srikant M. Datar, Madhav V. Rajan 16th Edition
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What is the adjusted book balance at August 31? Olde Shoppe has the following information at August 31: Two deposits made on August 31 were not on the bank statement, totaling S5,300 August 31balance in Cash was S11.687. The bookkeeper forgot to record check #1578 for S543 which was cashed by the bank on August 15th The balance on the bank statement as of August 31 was S10,640. A check printing service fee of S60 was shown on the bank statement. ANSF check of $300 Checks #1572,1606.and 1548.totaling S2,356,were not shown on the bank statement.even though the company had sent the checks. What is the adjusted book balance at August 31? OA.$7.984 OB.$13.584 OC.$11,687 D.$13,334
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Transcript

-
00:01 So, hi to everybody.
00:03 Here the bank reconciliation for august 31st.
00:15 So, balance per book, balance per book august 31st, 2022 is $20 ,000.
00:38 Okay.
00:39 So, add deposit in transit $15 ,000.
00:52 So, deduct outstanding check, it is $10 ,000.
01:01 So, adjusted balance per book is $25 ,000...
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