Gunnar Company gathered the following reconciling information in preparing its September bank reconciliation. Cash balance per company records, September 30 $2,154
Deposits in transit 350
Notes receivable and interest collected by bank 800
Bank charge for check printing 32
Outstanding checks 1,448
NSF check 143
Determine the adjusted balance on September 30.
a. $1,824
b. $1,056
c. $2,779

Capital financial corporation will lend 90 percent against account balances that have averaged 30 days or less; 80 percent for account balances between 31 and 40 days; and 70 percent for account balances between 41 and 45 days. customers that take over 45 days to pay their bills are not considered acceptable accounts for a loan. the current prime rate is 16.50 percent, and capital charges 3.50 percent over prime to charming as its annual loan rate. a. determine the maximum loan for which charming paper company could qualify.