A) $ 2,667 10) Counte Company's cash balance at the end of the month was $ 5,500. After comparing the company's records with the monthly bank statement, Counte's accountant identified the following...


A) $ 2,667<br>10) Counte Company's cash balance at the end of the month was $ 5,500. After comparing the<br>company's records with the monthly bank statement, Counte's accountant identified the<br>following reconciling items: outstanding checks, $ 900; deposits in transit, $ 600; bank<br>service charge, $ 20; NSF check, $ 200. What is the adjusted bank balance?<br>A) $5,280<br>B) $ 5,580<br>C) $4,980<br>D) The adjusted bank balance cannot be determined.<br>

Extracted text: A) $ 2,667 10) Counte Company's cash balance at the end of the month was $ 5,500. After comparing the company's records with the monthly bank statement, Counte's accountant identified the following reconciling items: outstanding checks, $ 900; deposits in transit, $ 600; bank service charge, $ 20; NSF check, $ 200. What is the adjusted bank balance? A) $5,280 B) $ 5,580 C) $4,980 D) The adjusted bank balance cannot be determined.

Jun 10, 2022
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