The bank statement of Jade Co.shows a balance of $4,555 as of December 31.The following reconciling items were identified: i) Deposit not recorded on bank statement, $50
Ii) Total outstanding checks, $105
Iii) Check of $100 returned because of not sufficient funds (NSF)What is the adjusted balance according to the bank statement?
A) $4,400
B) $4,605
C) $4,500
D) $4,810

Question

Quizplus · Accepted Answer

The Answer of The bank statement of Jade Co.shows a balance of $4,555 as of December 31.The following reconciling items were identified: i) Deposit not recorded on bank statement, $50
Ii) Total outstanding checks, $105
Iii) Check of $100 returned because of not sufficient funds (NSF)What is the adjusted balance according to the bank statement?
A) $4,400
B) $4,605
C) $4,500
D) $4,810

The Bank Statement of Jade Co