Reference no: EM132326309
Question
On December 31, Carter Company's bank statement had a balance of $32,660. Analysis of the bank statement and comparison of the statement and records indicated the following:
Deposits in transit at the end of December $ 3,915
Outstanding checks at the end of December 4,560
Bank service charge 15
Customer's returned check, NSF 1,230
Bank collection of note on our behalf 4,400
Interest received on note 230
In reviewing the records, Carter Company also discovered the following error: A check for $260 in legal expense was incorrectly recorded on the books as $620.
Required:
Compute the adjusted balance of Cash per bank statement.
Adjusted balance of Cash:
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