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Determine the Rahm Corp adjusted cash balance at September

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Reference no: EM132819794

Question - The treasurer for Rahm Corp. was preparing a bank reconciliation as of September 30, 2016. The following items were identified:

Rahm's book balance $32,800

Deposits in transit 4,300

Outstanding checks 2,200

Interest earned on checking account 100

Customer's NSF check returned by the bank 400

Required - Determine the Rahm Corp.'s adjusted cash balance at September 30, 2016?

a. $34,600

b. $34,900

c. $32,500

d. $32,800

Reference no: EM132819794

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