The treasurer for Rahm Corp. was preparing a bank reconciliation as of September 30, 2017. The following items were identified: Rahm's book balance $32,800 Deposits in transit 4,300 Outstanding checks 2,200 Interest earned on checking account 100 Customer's NSF check returned by the bank 400 Rahm Corp.'s adjusted cash balance at September 30, 2017 is

$32,500

Explanation:

The items that appear on the Bank Statement and not on the Cash Book are used to update the Cash Book Balance.

Rahm Corp

Cash Book

Debit :

Balance before adjustment             $32,800

Interest earned                                       $100

Total                                                  $32,900

Credit :

Dishonored check                                $400

Balance (adjusted)                          $32,500

Total                                                 $32,900

Therefore,

Rahm Corp.'s adjusted cash balance at September 30, 2017 is $32,500

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