At June 30, Yaddof Company has the following bank information: cash balance per bank $1,800; outstanding checks $340; deposits in transit $275; credit memo for interest $75; bank service charge $10. What is Mareska's adjusted cash balance on June 30?
A) $1,735
B) $1,800
C) $1,810
D) $1,865

Question

Quizplus · Accepted Answer

Adjusted cash balance = Cash balance per bank + Deposits in transit - Outstanding checks + Credit memo for interest - Bank service charge= $1,800 + $275 - $340 + $75 - $10= $1,735

At June 30, Yaddof Company Has the Following Bank Information