The Following Data Were Gathered to Use in Reconciling the Bank

question 146

Essay

The following data were gathered to use in reconciling the bank account of Savannah Company: $$\begin{array} { | l | r | } \hline \text { Balance per bank } & \$ 16,750 \\\hline \text { Balance per company records } & 16,125 \\\hline \text { Bank service charges } & 80 \\\hline \text { Deposit in transit } & 2,195 \\\hline \text { NSF check } & 950 \\\hline \text { Outstanding checks } & 3,850 \\\hline\end{array}$$ ​
What is the adjusted balance on the bank reconciliation?

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Definitions:

Diameter

Straight line extending across the center of a circle from circumference to circumference. The diameter of a circle is two times its radius.

Potential Difference

The difference in electric potential between two points, which drives the flow of electric current in a circuit.

Conventional Theory

In electrical engineering, it refers to the theory that assumes current flows from the positive to the negative terminal, opposite to electron flow.