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QUESTION
On December 31, Collins Company's Cash account had a balance of $34,270, and the balance per bank statement was $26,030.
On December 31, Collins Company's Cash account had a balance of $34,270, and the balance per bank statement was $26,030. Analysis of the bank statement and comparison of the statement and records indicated the following:Deposits in transit$20,320Outstanding checks6,150Bank service charge10Customer's returned check, NSF1,470Bank collection of note on our behalf6,290Interest received on note220
Show more In reviewing the records, Collins Company also discovered the following error: A Kansas Company deposit of $900 was incorrectly deposited into Collins Company's account.
Required:
Compute the adjusted balance of Cash per books.
Adjusted balance of Cash:
$
