Reference no: EM132853592
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?
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