Adler Company developed the following reconciling information in preparing its December bank reconciliation: $$\begin{array} { l r }
\text { Cash balance per bank, } 12 / 31 & \$ 20,000 \
\text { Note receivable collected by bank } & 10,000 \
\text { Outstanding checks } & 15,000 \
\text { Deposits in transit } & 7,500 \
\text { Bank service charge } & 125 \
\text { NSF check } & 2,000
\end{array}$$ Using the above information, determine the cash balance per books (before adjustments) for the Adler Company.
A) $4,625.
B) $27,500.
C) $14,625.
D) $20,000.

Question

Adler Company developed the following reconciling information in preparing its December bank reconciliation: $$\begin{array} { l r } 
\text { Cash balance per bank, } 12 / 31 & \$ 20,000 \
\text { Note receivable collected by bank } & 10,000 \
\text { Outstanding checks } & 15,000 \
\text { Deposits in transit } & 7,500 \
\text { Bank service charge } & 125 \
\text { NSF check } & 2,000
\end{array}$$ Using the above information, determine the cash balance per books (before adjustments) for the Adler Company.
A) $4,625.
B) $27,500.
C) $14,625.
D) $20,000.

Quizplus · Accepted Answer

The Answer of Adler Company developed the following reconciling information in preparing its December bank reconciliation: $$\begin{array} { l r } 
\text { Cash balance per bank, } 12 / 31 & \$ 20,000 \
\text { Note receivable collected by bank } & 10,000 \
\text { Outstanding checks } & 15,000 \
\text { Deposits in transit } & 7,500 \
\text { Bank service charge } & 125 \
\text { NSF check } & 2,000
\end{array}$$ Using the above information, determine the cash balance per books (before adjustments) for the Adler Company.
A) $4,625.
B) $27,500.
C) $14,625.
D) $20,000.

Adler Company Developed the Following Reconciling Information in Preparing Its