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What was the adjusted bank statement balance

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Reference no: EM132978023

Question - The following information is needed to reconcile the cash balance for Georgia Island Ltd:

A deposit of $5500 is in transit.

Outstanding cheques total $1500.

The book balance is $6500 at 31 March 2020.

The bookkeeper recorded a $1800 cheque as $17,100 in payment of the current month's rent.

The bank balance at 31 March 2020 was $19,040.

A deposit of $500 was credited by the bank for $5000.

A dishonoured cheque from a customer for $3200 was returned by the bank.

The bank service charge is $60.

Required - What was the adjusted bank statement balance?

Reference no: EM132978023

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