The Cash account in the ledger of Clear Windows shows a balance of $12,596 at September 30. The bank statement, however, shows a balance of $16,253 at the same date. The only reconciling items consist of a bank service charge of $16, a large number of outstanding checks totaling $6,740, and a deposit in transit. Refer to the information above. What is the adjusted cash balance in the September 30 bank reconciliation

Adjusted Cash Balance $ 12,596

Explanation:

September 30 Cash account  balance$12,596

 September 30 Bank statement,  balance  $16,253  

September 30 Difference in balances     $3657      

Clear Windows

Bank Reconciliation Statement  

September 30 Bank statement,  balance  $16,253  

less Outstanding checks $6,740,

Less Bank service charge  $16,

Add Deposit in Transit    $ 3099

September 30 Cash account  balance $ 12,596

Adjusted Cash Balance is the same as the cash book balance.

We start from the bank balance , dot the necessary adjustments and get the same cash book balance.

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