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QUESTION
On December 31, Carter Company's bank statement had a balance of $32,660. Analysis of the bank statement and comparison of the statement and records...
On December 31, Carter Company's bank statement had a balance of $32,660. Analysis of the bank statement and comparison of the statement and records indicated the following:
Deposits in transit at the end of December$3,915Outstanding checks at the end of December4,560Bank service charge15Customer's returned check, NSF1,230Bank collection of note on our behalf4,400Interest received on note230In reviewing the records, Carter Company also discovered the following error: A check for $260 in legal expense was incorrectly recorded on the books as $620.
Required:
Compute the adjusted balance of Cash per bank statement.
Adjusted balance of Cash:
$
