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The following information was used in reconciling the bank account for Oscar Company on October 31: Balance per bank, October 31 $18,320 Insufficient funds check 700 Outstanding checks 900 Utility bill paid by bank 620 Check printing charge 40 Deposits in transit 1,220 Balance per books, October 31 20,000 Calculate the Adjusted Book Balance on October 31. $18,640 $16,720 $18,840 $18,040

The following information was used in reconciling the bank account for Oscar Company on October 31: Balance per bank, October 31 $18,320 Insufficient funds check 700 Outstanding checks 900 Utility bill paid by bank 620 Check printing charge 40 Deposits in transit 1,220 Balance per books, October 31 20,000 Calculate the Adjusted Book Balance on October 31. $18,640 $16,720 $18,840 $18,040

Principles of Accounting Volume 1
Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter8: Fraud, Internal Controls, And Cash
Section: Chapter Questions
Problem 11EB: Using the following information, prepare a bank reconciliation. Bank balance: $12,565. Book...
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The following information was used in reconciling the bank account for Oscar Company on October 31: Balance per bank, October 31 $18,320 Insufficient funds check 700 Outstanding checks 900 Utility bill paid by bank 620 Check printing charge 40 Deposits in transit 1,220 Balance per books, October 31 20,000 Calculate the Adjusted Book Balance on October 31. $18,640 $16,720 $18,840 $18,040
Transcribed Image Text:The following information was used in reconciling the bank account for Oscar Company on October 31: Balance per bank, October 31 $18,320 Insufficient funds check 700 Outstanding checks 900 Utility bill paid by bank 620 Check printing charge 40 Deposits in transit 1,220 Balance per books, October 31 20,000 Calculate the Adjusted Book Balance on October 31. $18,640 $16,720 $18,840 $18,040
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