Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. marjorie company's cash balance per the books at t

Marjorie Company's cash balance per the books at the end of the month was $8,600....

70.2K

Verified Solution

Question

Accounting

Marjorie Company's cash balance per the books at the end of the month was $8,600. After comparing the company's records with the monthly bank statement, Marjorie's accountant identified the following reconciling items: outstanding checks, $800; deposits in transit, $700; bank service charge, $30; and NSF check, $100. The bank collection of a note receivable was $1,200 plus interest of $150. There also was an EFT payment of $110. What is the adjusted book balance at the end of the month?
A. $9,820
B. $9,670
C. $9,710
D. $8,500
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Statistics
1.2K views

Students at the Akademia Podlaka conducted an experiment to determine whether the Belgium-minted Euro coin was equally...

Psychology
1.2K views

Some issues receive significant attention from decision makers. Why might these issues easily find their way...

Psychology
1.2K views

Define white supremacy. Then write about one form of white supremacy that you observe in today’s...

General Management
1.2K views

Ray Dalio and Warren Buffett are two wealthy and very famous investors who have different views...

Biology
1.2K views

There were two Pacific and one in Europe O Militarisms Appeasements O Blitz during World...

Basic Math
1.2K views

The graph below represents one equation in a system of equations with the solutions 4...

Calculus
1.2K views

Complete the table to determine the effect of the num for 14 yr under the...

Accounting
1.2K views

Today's business environment is characterized by?

Accounting
1.2K views

Closet Links Clothing Company provided the following manufacturing costs for the...

Accounting
1.2K views

Sunspot Beverages, Limited, of Fiji uses the weighted-average method of process costing. It makes blended...

Accounting
1.2K views

Bryan Trucking Corporation began business on January 1, 2017, and consists of the parent entity,...

Finance
1.2K views

Please Solve with details. In A neat Clear Way. discuss & write Each step. ...