Easton Co. deposits all cash receipts on the day they are received and makes all cash payments by check. At the close of business on June 30, Easton's bank statement showed $58,439 on deposit in the bank. Determine the adjusted cash (bank) balance using the following information: Deposit in transit Outstanding checks An NSF check returned on a customer account Check printing fee, not yet recorded by company A payment was wrongly debited by the bank to Easton's account Interest earned on account, not yet recorded by the company $3,800 $1,925 $125 $15 $1,835 $30 Just based on the above information, the adjusted cash balance on June 30 is: Select one: OA. $56,424 OB. $60,239 OC. $60,224 OD. $62,149 OE $60.194

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Bank Reconciliation Statement

As a commerce student, we all know that every business has to maintain a cash book to maintain all his cash and bank transactions. A cash book is a book which has two columns, one cash column and one bank column.