scenario 5: west end bakery\nwest end bakery is performing its reconciliation for the month of…

scenario 5: west end bakery\nwest end bakery is performing its reconciliation for the month of february.\nbalance per bank statement: $4,500\nbalance per books: $5,060\noutstanding checks: $600\ndeposits in transit: $1,000\nbank error: the bank incorrectly charged west end bakerys account for a $160 check written by \east end deli.\\nwhat is the bakerys adjusted book balance?\nyour answer\nscenario 6: the daily grind coffee house\nan accountant is reviewing the following notes to reconcile the cash account for the daily grind as of march 31:

scenario 5: west end bakery\nwest end bakery is performing its reconciliation for the month of february.\nbalance per bank statement: $4,500\nbalance per books: $5,060\noutstanding checks: $600\ndeposits in transit: $1,000\nbank error: the bank incorrectly charged west end bakerys account for a $160 check written by \east end deli.\\nwhat is the bakerys adjusted book balance?\nyour answer\nscenario 6: the daily grind coffee house\nan accountant is reviewing the following notes to reconcile the cash account for the daily grind as of march 31:

Answer

Explanation:

Step1: Identify bank - error adjustment

The bank incorrectly charged the bakery's account. This amount needs to be added back to the book balance.

Step2: Calculate adjusted book balance

The formula for adjusted book balance is: Adjusted Book Balance=Balance per Books + Bank Error. The balance per books is $5060 and the bank error is $160. $5060 + 160=5220$

Answer:

$5220$