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Determine the balance on the books prior to adjustment

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Reference no: EM132852706

Problem - Working Backward: Bank Reconciliation - Dexter Company's bank reconciliation shows an adjusted cash balance of $3,254.33. The following items also appear on the reconciliation:

NSF check $110.50

Deposits in transit 332.10

Interest earned 65.42

Outstanding checks 560.55

Bank service charges 30.00

Required -

1. Determine the balance on the bank statement prior to adjustment.

2. Determine the balance on the books prior to adjustment.

Reference no: EM132852706

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