At August 31, Planter Company has a cash balance per books of $9

Accounting Nov 05, 2020

At August 31, Planter Company has a cash balance per books of $9.500 and the following additional data from the bank statement: charge for printing Planter Company checks $35 and interest earned on checking account balance $40. In addition, Planter Company has outstanding checks of $800. Determine the adjusted cash balance per books at August 31 The adjusted cash balance per books at August 31 $

Expert Solution

Answer

Adjusted cash balance per books

9500 + Interest earned - Printing charges 35

9500 + 40 - 35

9505

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