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A​ company's Cash account shows an ending balance of $ 4 comma 200. Reconciling items included a bookkeeper error of $ 75 ​(a $ 525 check recorded as $ 600​), two outstanding checks totaling $ 830​, a service charge of $ 25​, a deposit in transit of $ 280​, and interest revenue of $ 30. What is the adjusted book​ balance?

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Answer:

The correct answer to this question is $4280.

Explanation:

Formula for adjusted book balance -

Ending balance + Book keeping error - Service charge + Interest revenue

Given information -

Ending balance - $4200

Book keeping error - $75 ( $600 - $525 )

Outstanding checks - $800

Service charge - $25

Interest revenue - $30

Deposit in transit - $280

Note - There will be no treatment of deposit in transit and outstanding checks for taking out the adjusted book balance.

Adjusted book balance -

$4200 + $75 - $25 + $30

= $4280

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