Answer:
The Beacon Roofing's book balance should be adjusted by a total of $43,977
Explanation:
For computing the right amount of book balance, the following adjustments are required which is shown below:
1. Bank Balance = $43,267
2. Less - Bank service charge = - $80
3. Add: Notes collection = $790
So, the adjusted book balance equals to
= Bank balance - Bank service charge + notes collection
= $43,267 - $80 + $790
= $43,977
The notes collection is an income so it is added whereas the bank service charge is an expense so it would be deducted.
Hence, the Beacon Roofing's book balance should be adjusted by a total of $43,977
