Larson Company Gathered the Following Reconciling Information in Preparing Its

question 101

Multiple Choice

Larson Company gathered the following reconciling information in preparing its August bank reconciliation: $$\begin{array} { l r } \text { Cash balance per books, } 8 / 31 & \$ 34,800 \\\text { Deposits in transit } & 1,200 \\\text { Bank charge for check printing } & 160 \\\text { Outstanding checks } & 16,000 \\\text { NSF check } & 1,360\end{array}$$ Use the following tabular analysis to determine the impact of the required adjustments to Larson's accounts:

• A)The adjusted balance of the Cash account is $34800.
• B)The adjusted balance of the Accounts Receivable account is $11300.
• C)The adjusted balance of the Accounts Payable account is $5300.
• D)The adjusted balance of the Accounts Receivable account is $14020.

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