What amount abc report as adjusted cash balance of abc co

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Reference no: EM132919997

The accountant of ABC Co. was preparing a bank reconciliation as of April 30, 2020. The following items were identified:

Book balance for the checking account- $46, 200
Total outstanding checks- $1, 100
Interest earned during April on the checking account balance- $50
Costumer NSF check returned by the bank- $500

Problem 1: In addition, ABC incorrectly recorded a customer's check-in cash receipts as $150; the ban recorded the check amount properly at $510. What amount will ABC report as its adjusted cash balance in the general ledger at April 30, 2020?

Option 1: $46, 250
Option 2: $44,650
Option 3: $46,110
Option 4: $45,890

Reference no: EM132919997

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