90.2K
Verified Solution
Link Copied!
The following information is available for Jade Company for the month ending June 30,2014.
.Balance as per the bank statement is 11,240 dollars
.Balance as per books is 10,200 dollars
.Check #506 for 1,200 dollars and check #510 for 900 dollars were not shown on the Junes 30,bank statement.
.A deposit in transit of 3,100 dollars had not been received by the bank when the bank statement was generated.
.A bank debit memo indicated an NSF check for 85 dollars written by Jane Smith to Jade Company on June 13.
.A bank credit memo indicated a note collected by the bank of 2,100 dollars and interest revenue of 55 dollars on June 20.
.The bank statement indicated service charges of 20 dollars.
What is the adjusted book balance ?
a)12,250 dollars
b)12,740 dollars
c)8,150 dollars
d)8,200 dollars
Answer & Explanation
Solved by verified expert
