What is the cash in bank balance on December

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Question - During the audit of Rowel Company on December 31, 2018, the following data are gathered:

Balance per book 4,000,000

Bank charges 10,000

Outstanding checks 950,000

Deposit in transit 1,200,000

Costumer note collected by bank 1,500,000

Interest on costumer note 60,000

Costumer check returned NSF 250,000

Minda's Company check charged to account 1,000,000

Required - What is the cash in bank balance on December 31, 2018?

Reference no: EM132853592

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