The items listed below were identified while preparing a bank reconciliation for the company's checking account as of March 31.Cash balance according to the general ledger

-Refer to Dance Town Academy. Determine the amount of the company's adjusted cash balance.
A)$16,800
B)$20,200
C)$ 1,700
D)Cannot be determined.

Question

The items listed below were identified while preparing a bank reconciliation for the company's checking account as of March 31.Cash balance according to the general ledger

-Refer to Dance Town Academy. Determine the amount of the company's adjusted cash balance.
A)$16,800 
B)$20,200 
C)$ 1,700 
D)Cannot be determined.

Quizplus · Accepted Answer

The adjusted cash balance is the sum of the cash balance and the net change in cash. The cash balance is $15,100. The net change in cash is $1,700. Therefore, the adjusted cash balance is $15,100 + $1,700 = $16,800.

The Items Listed Below Were Identified While Preparing a Bank