Reference no: EM132882006
Problem - Kingston Company's bank reconciliation for the month of November 2019 follows:
Balance per bank statement, 11/30/2019 $18,040
Add: Deposit in transit 4,150 $22,190
Less: Outstanding checks $6,300
Bank credit recorded in error 20 (6,320)
Balance per books, 11/30/2019 $15,870
Data for the month of December 2019 follow:
Per bank:
December deposits $26,100
December disbursements 22,420
Balance, 12/31/2019 21,720
All items that were outstanding as of November 30 cleared through the bank in December, including the bank credit. In addition, $2,500 in checks were outstanding as of December 31, 2019. What is the balance of cash per books at December 31, 2019?