Reference no: EM13511844

Company G received a bank statement at the end of the month. The statement contained the following:

Ending balance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $61,000

Bank service charge for the month . . . . . . . . . . . . . . . . . . . . . . . . . . . . 275

Interest earned and added by the bank to the account balance. . . . . . . . 195

In comparing the bank statement to its own cash records, the company found the following:

Deposits made but not yet recorded by the bank. . . . . . . . . . . . . . . . . . . . $14,300

Checks written and mailed but not yet recorded by the bank . . . . . . . . . . 26,700

Before making any adjustments suggested by the bank statement, the cash balance according to the books is $48,680. What is the correct cash balance as of the end of the month? Verify this amount by reconciling the bank statement with the cash balance on the books.