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Compute the adjusted balance of cash

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Question - On December 31, Bell Company's bank statement had a balance of $31,990. Analysis of the bank statement and comparison of the statement and records indicated the following:

Deposits in transit at the end of December $10,785

Outstanding checks at the end of December 4,440

Bank service charge 15

Customer's returned check, NSF 1,200

Bank collection of note on our behalf 5,770

Interest received on note 150

In reviewing the records, Bell Company also discovered the following error: A Koala Company check of $1,030 was charged to Bell Company's account.

Required - Compute the adjusted balance of Cash per bank statement.

Reference no: EM132556332

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