HUBBARD TRANSPORT
Bank Reconciliation
August 31, 20__
Balance per bank statement ..................................................................... $ 17,955
Add (1)
Deduct (2)
Adjusted cash balance............................................................................... $
Balance per depositor’s records ................................................................ $14,249
Add (3) Deduct (4)
Adjusted cash balance............................................................................... $________
Additional information
a Outstanding checks: no. 729, $1,253; no. 747, $245; no. 752, $781.
b Check no. 742 (for repairs) was written for $398 but erroneously recorded in Hubbard’s records as $839.
c Deposits in transit, $2,254.
d Note collected by the bank and credited to Hubbard’s account, $4,800.
e NSF check of C. Craig, one of Hubbard’s customers, $1,525.
f Bank service charge for August, $35.
Question:
In Hubbard’s completed bank reconciliation at August 31, what dollar amount should be deducted from the balance per depositor’s records (indicated by 4 above)?
Select one:
a.
$1,560
b.
$2,254
c.
$1,525
D
$ 2,001