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The unadjusted balance of the company's Cash account was $26,620 at the end of June.
The bank statement shows a balance on June 30 of $26,960.
Outstanding checks totaled $4,000 at June 30.
Deposit in transit totaled $3,000 on June 30.
The bank statement included unrecorded interest earned in the amount of $150.
Check #1221 (in payment of account payable) was written for $4,900, but recorded in the accounting records as $4,090.

The adjusted bank and book balance is?

A)26,000
B)25,960
C)25,620
D)26,300

Respuesta :

abiolataiwo2015

Assuming the unadjusted balance of the company's Cash account was $26,620, The adjusted bank and book balance is: B)25,960.

Bank reconciliation statement

The unadjusted book balance $26,620

Add Interest earned $150

Less  book error in check #1221  $180

($4,900 − $4,090)

Ending balance $25,960

Unadjusted bank balance was $26,960

Add the deposits in transit of $3,000

Less outstanding checks $4,000

Ending balance  $25,960

Inconclusion the adjusted bank and book balance is: B)25,960.

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