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Compute the adjusted balance of cash per bank statement

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Question - On December 31, Campbell Company's bank statement had a balance of $28,590. Analysis of the bank statement and comparison of the statement and records indicated the following:

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Deposits in transit at the end of December $14,155

Outstanding checks at the end of December 5,320

Bank service charge $15

Customer's returned check, NSF $840

Bank collection of note on our behalf $6,750

Interest received on note 180

In reviewing the records, Campbell Company also discovered the following error: A check for $290 in legal expense was incorrectly recorded on the books as $920.

Required - Compute the adjusted balance of Cash per bank statement.

Reference no: EM132642242

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