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At August 31, Oriole Company has a cash balance per books of $9,900 and the following additional data from the bank statement: charge for printing Oriole Company checks $35 and interest earned on checking account balance $40. In addition, Oriole Company has outstanding checks of $1,020. Determine the adjusted cash balance per books at August 31. The adjusted cash balance per books at August 31

Respuesta :

Answer:

the adjusted cash balance per book is $9,905

Explanation:

The computation of the adjusted cash balance per books is shown below:

Adjusted cash balance per books is

= Cash balance per books - Charge for printing + Interest earned on checking account balance

= $9,900 - $35 + $40

= $9,905

hence, the adjusted cash balance per book is $9,905

We simply applied the above formula so that the correct value could come

And, the same is to be considered