A companys bank statement balance shows that there is

143. A company's bank statement balance shows that there is $4,230 in the chequing account at the
end of the month. Comparing the company's records with the bank statement reveals several
additional items, such as outstanding cheques of $2,880, deposits in transit of $1,280, an NSF
cheque of $160, and a debit memo for bank service charge of $40. Calculate the adjusted cash
balance for this chequing account.
(A) $2,430
(B) $2,630
(C) $4,030
(D) $4,230
Answer : (B)
144. A company's records indicate the balance in its chequing account at the end of the month is
$5,671. Comparing the company's records with the monthly bank statement reveals several
additional cash transactions, such as a debit memo for bank service charge of $75, credit memos for
a $4,000 note receivable collected by the bank plus interest earned of $100, and an NSF cheque for
$350. Calculate the company's adjusted cash balance at the end of the month.

145. A company's bank statement balance shows that there is $4,190 in the chequing account at the
end of the month. Comparing the company's records with the bank statement reveals several
additional items, such as outstanding cheques of $1,860, deposits in transit of $2,080, an NSF
cheque of $209, a credit memo for interest earned of $21.52, a debit memo for bank service charge
of $40, and a cheque for $120 recorded twice by the company. Calculate the adjusted cash balance
for this chequing account.
146. A company's records indicate the balance in its chequing account at the end of the month is
$3,918. Comparing the company's records with the monthly bank statement reveals several
additional cash transactions, such as deposits in transit of $4,022, three outstanding cheques
totalling $497, a debit memo for a $30 bank service charge, credit memos for a $1,000 note
receivable collected by the bank plus interest earned of $35, and an NSF cheque for $150. Calculate
the company's adjusted cash balance at the end of the month.