New Store has the following information at August 31: • Two deposits made on August 31 were not on the bank statement,totaling $5,300.
• The bank collected an EFT payment on a note receivable for $2,750.Of this amount,$150 represented interest on the note.
• August 31 balance in Cash was $11,677.
• The bookkeeper forgot to record check #1578 for $843 which was cashed by the bank on August 15th.
• The balance on the bank statement as of August 31 was $10,500.
• A check printing fee of $40 was shown on the bank statement.NSF check $100.
• Checks #1572,1606,and 1548,totaling $2,356,were not shown on the bank statement,even though the company had sent the checks.
What is the adjusted bank balance at August 31?
A)$8,144
B)$10,500
C)$13,444
D)$14,817

Question

Quizplus · Accepted Answer

Starting balance: $10,500

Add:
- Deposits not on statement: $5,300

Subtract:
- EFT payment collected by bank: $2,750
- NSC check: $100
- Check printing fee: $40
- Checks not on statement: $2,356

Adjustment for forgotten check: -$843

Adjusted balance: $13,444

New Store Has the Following Information at August 31: •