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What is the adjusted cash account balance

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Reference no: EM132581833

The following information is available for Happy Company:

  1. The 31 January bank statement shows a RM1,895 balance.
  2. The Cash account shows a RM1,742 balance on 31 January.
  3. A RM795 late deposit does not appear on the 31 January bank statement.
  4. Outstanding cheques amount to RM638 at 31 January.
  5. A customer's RM335 note receivable was collected by the bank in January. A fee of RM15 was deducted by the bank and the difference was deposited into the company's account.
  6. A service charge of RM10 is deducted by the bank and appears on the January bank statement.

Question 1: What is the adjusted cash account balance?

Reference no: EM132581833

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