In the process of reconciling Marks Enterprises' bank statement for September, Mr. Marks compiles the following information: Cash balance per company books on September 30 $ 6,220 Deposits in transit at month-end $ 1,410 Outstanding checks at month-end $ 730 Bank charge for printing new checks $ 100 Note receivable and interest collected by bank on Marks' behalf $ 660 A check given to Marks during the month by a customer is returned by the bank as NSF $ 590 The adjusted cash balance per the books on September 30 is:

$6,190

Explanation:

Particulars                                                          Amount

Cash balance per company books                    $6,220

Add: Note receivable and interest collected    $660

Less: Bank charge for printing new checks      $100

Less: NSF check                                                  $590  

The adjusted cash balance                                $6,190

So, the adjusted cash balance per the books on September 30 is $6,190

answer; a large down payment,a longer term loan, would result in a lower monthly payment;