Wynn Company developed the following reconciling information in preparing its September bank reconciliation: Determine the cash balance per books (before adjustments) for Wynn Company.
A) $11,775.
B) $19,500.
C) $5,775.
D) $15,000.

Question

Wynn Company developed the following reconciling information in preparing its September bank reconciliation:  Determine the cash balance per books (before adjustments) for Wynn Company.
A) $11,775. 
B) $19,500. 
C) $5,775. 
D) $15,000.

Quizplus · Accepted Answer

The book balance before adjustments can be found by subtracting the NSF check of $3,500 and the service charge of $250 from the bank balance of $9,025. 
$9,025 - $3,500 - $250 = $5,775

Wynn Company Developed the Following Reconciling Information in Preparing Its