Gunnar Company Gathered the Following Reconciling Information in Preparing Its

question 89

Multiple Choice

Gunnar Company gathered the following reconciling information in preparing its September bank reconciliation. Calculate the adjusted cash balance per books on September 30. $$\begin{array} { | l | l | } \hline \text { Cash balance per books, } 9 / 30 & \\\hline \text { Deposits in transit } & \\\hline \text { Notes receivable and interest collected by bank } & \\\hline \text { Bank charge for check printing } & \\\hline \text { Outstanding checks } & \\\hline \text { NSF check } & \\\hline\end{array}$$

• A) $5,130.
• B) $3,690.
• C) $3,040.
• D) $1,590.

---

Definitions:

Bank Deposits

Money placed into a banking institution for safekeeping, which can include savings accounts, checking accounts, and certificates of deposit.

Petty Cash Management

The process of overseeing and controlling the petty cash fund, a small amount of cash on hand used for minor expenses.

Internal Control Systems

Methods and systems adopted by an organization to maintain the accuracy of its financial and accounting records, ensure responsibility, and deter deceit.

Efficient Operations

Activities optimized to use the least amount of resources to achieve the desired level of output.