Dobler Company Gathered the Following Reconciling Information in Preparing Its

question 15

Multiple Choice

Dobler Company gathered the following reconciling information in preparing its June bank reconciliation: $$\begin{array} { l r } \text { Cash balance per books, } 6 / 30 & \$ 8,400 \\\text { Deposits in transit } & 600 \\\text { Notes receivable and interest collected by bank } & 1,480 \\\text { Bank charge for check printing } & 50 \\\text { Outstanding checks } & 3,000 \\\text { NSF check } & 280\end{array}$$ The adjusted cash balance per books on June 30 is

• A) $10,150.
• B) $9,880.
• C) $9,550.
• D) $10,110.

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Definitions:

Annuity

A monetary instrument providing a regular series of payments to a person, often utilized in preparing for retirement.

Quarterly Payments

Payments made once every three months, often used in the context of loans or investment returns.

Compounded Annually

A method of interest calculation where interest is added to the principal once a year.

Accumulate

To gather or collect, often a gradual increase of items or value over time.