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Find the Gentech adjusted cash balance at June

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Reference no: EM132849923

Question - Gentech Corp. prepared a bank reconciliation as of June 30, 2016. The following items were identified:

Gentech's bank balance $14,300

Deposits in transit $1,000

Outstanding checks 1,300

Bank service charges 50

Customer's NSF check returned by the bank 150

Required - Find the Gentech's adjusted cash balance at June 30, 2016?

a. $13,800

b. $14,100

c. $14,000

d. $14,300

Reference no: EM132849923

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