Olde shoppe has the following information at august 31: times two deposits made on august 31 were not on the bank statement, totaling $5,300. times the bank collected an eft payment on a note receivable for $ 2 comma 820. of this amount, $ 150 represented interest on the note. times august 31 balance in cash was $ 11 comma 697. times the bookkeeper forgot to record check #1578 for $ 443 which was cashed by the bank on august 15th. times the balance on the bank statement as of august 31 was $ 10 comma 740. times a check printing service fee of $ 90 was shown on the bank statement. times a nsf check of $ 300. times checks #1572, 1606, and 1548, totaling $2,356, were not shown on the bank statement, even though the company had sent the checks. what is the adjusted book balance at august 31?

balance after reconciliation 13,684 dollars

Explanation:

Bank Statement balance:    10,740

deposit in transit:                5,300

outstanding checks           (2,356)

Adjusted balance              13,684

Cash Account:                     11,697

EFT collected                       2,820

missing check                        (443)

bank charge                             (90)

NSF                                          (300)

Adjusted balance:               13,684

We adjust the bank statemnt for the deposit in transit and outstading check as the bank is unware of these.

The cash blaance account is adjsuted for the collection and fees ofthe bank. a mistake we could made (like missing a check) and the NSF as the company assume it was collected when it wasn't, so the company has less cash.

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you can put this in your 11 sentence summary

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