Information to calculate the adjusted cash balance for Sam's Gift Wrapping is as follows: $$\begin{array} { | l | r | }
\hline \text { Cash balance per general ledger } & \$ 2,100 \
\hline \text { Customer's check returned-NSF } & 75 \
\hline \text { Bank service charges } & 40 \
\hline \text { Deposits in transit } & 500 \
\hline \text { Outstanding checks } & 700 \
\hline \text { Customer's note collected by bank } & 645 \
\hline
\end{array}$$
A)$2,330
B)$2,430
C)$2,630
D)$2,230

Question

Information to calculate the adjusted cash balance for Sam's Gift Wrapping is as follows: $$\begin{array} { | l | r | } 
\hline \text { Cash balance per general ledger } & \$ 2,100 \
\hline \text { Customer's check returned-NSF } & 75 \
\hline \text { Bank service charges } & 40 \
\hline \text { Deposits in transit } & 500 \
\hline \text { Outstanding checks } & 700 \
\hline \text { Customer's note collected by bank } & 645 \
\hline
\end{array}$$
A)$2,330
B)$2,430
C)$2,630
D)$2,230

Quizplus · Accepted Answer

The Answer of Information to calculate the adjusted cash balance for Sam's Gift Wrapping is as follows: $$\begin{array} { | l | r | } 
\hline \text { Cash balance per general ledger } & \$ 2,100 \
\hline \text { Customer's check returned-NSF } & 75 \
\hline \text { Bank service charges } & 40 \
\hline \text { Deposits in transit } & 500 \
\hline \text { Outstanding checks } & 700 \
\hline \text { Customer's note collected by bank } & 645 \
\hline
\end{array}$$
A)$2,330
B)$2,430
C)$2,630
D)$2,230

Information to Calculate the Adjusted Cash Balance for Sam's Gift