Respuesta :
Answer:
Adjusted balance per cash book : $ 8,865
Explanation:
Computation of Adjusted cash balance
Balance as per bank statement $ 8.344
Less: Outstanding checks $( 804)
Add: Deposits in transit $ 1,383
Less: Bank Service charges $( 58)
Adjusted balance per cash book $ 8,865
The adjustments have been made to reflect the cash book balance
The outstanding checks when issued would have been recorded in the cash book and thus are deducted from the bank statement balance.
The deposits in transit would also have been recorded in the cash book and since they have not been received at the bank, are not included in the bank statement balance and are thus added to get the cash book balance
The bank service charges is the information provided by the bank on the bank statement and has to be reflected in the cash balance as a reduction adjustment.
