The May bank statement for Accounting Services shows a balance of $6,300, but the balance per books shows a cash balance of $7,980. Other information includes the following:
A check for $200 to pay the electric bill was recorded on the books as $20.
Included on the bank statement was a note collected by the bank for $400 plus interest of $30.
Checks outstanding totaled $260.
Bank service charges were $50.
Deposits in transit were $2,140.

The adjusted cash balance at the end of August should be

B. $7,620.

D. $8,180.

Question

The May bank statement for Accounting Services shows a balance of $6,300, but the balance per books shows a cash balance of $7,980. Other information includes the following: 
A check for $200 to pay the electric bill was recorded on the books as $20.
Included on the bank statement was a note collected by the bank for $400 plus interest of $30.
Checks outstanding totaled $260.
Bank service charges were $50.
Deposits in transit were $2,140.

The adjusted cash balance at the end of August should be
	
  B. $7,620. 	
 	
  D. $8,180.

nurali · Answer

i think $8,180.