Rodgers Company gathered the following reconciling information in preparing its May bank reconciliation. Calculate the adjusted cash balance per books on May 31.? $$\begin{array} { | l | r | }
\hline \text { Cash balance per books, May } 31 & \$ 5,400 \
\hline \text { Deposits in transit } & 375 \
\hline \text { Notes receivable and interest collected by bank } & 650 \
\hline \text { Bank charge for check printing } & 40 \
\hline \text { Outstanding checks } & 2,400 \
\hline \text { NSF check } & 140 \
\hline
\end{array}$$
A) $5,870
B) $6,245
C) $4,930
D) $3,845

Question

Rodgers Company gathered the following reconciling information in preparing its May bank reconciliation. Calculate the adjusted cash balance per books on May 31.? $$\begin{array} { | l | r | } 
\hline \text { Cash balance per books, May } 31 & \$ 5,400 \
\hline \text { Deposits in transit } & 375 \
\hline \text { Notes receivable and interest collected by bank } & 650 \
\hline \text { Bank charge for check printing } & 40 \
\hline \text { Outstanding checks } & 2,400 \
\hline \text { NSF check } & 140 \
\hline
\end{array}$$
A) $5,870
B) $6,245
C) $4,930
D) $3,845

Quizplus · Accepted Answer

The adjusted cash balance per books on May 31 is $5,870. This is calculated by adding the deposits in transit and notes receivable and interest collected by the bank to the cash balance per books, and then subtracting the bank charge for check printing, outstanding checks, and NSF check.

Rodgers Company Gathered the Following Reconciling Information in Preparing Its