medium · Financial Accounting assets
A company's book balance for cash is $24,680. A bank reconciliation identifies a $60 interest credit, a $450 NSF check from a customer, bank service charges of $45, and a note collected by the bank of $1,015. Additionally, a $540 check was incorrectly recorded in the books as $450.
What is the adjusted book balance?
- $25,170
- $25,260
- $24,260
- $25,350
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