Reference no: EM132642250
Question - On December 31, Lee Company's Cash account had a balance of $25,030, and the balance per bank statement was $32,560. Analysis of the bank statement and comparison of the statement and records indicated the following: Additional Resources
Deposits in transit $5,295
Outstanding checks 4,750
Bank service charge 5
Customer's returned check, NSF 1,000
Bank collection of note on our behalf 7,290
Interest received on note 120
In reviewing the records, Lee Company also discovered the following error: A Kansas Company deposit of $1,670 was incorrectly deposited into Lee Company's account.
Required - Compute the adjusted balance of Cash per books.
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: On December 31, Lee Company's Cash account had a balance of $25,030, Compute the adjusted balance of Cash per books
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