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The August bank statement for Mobile Service shows a balance of $8,900, but the balance per books shows a cash balance of $8,310. Other information includes: A check for $10 (correct amount) was recorded incorrectly on the books as $100; Included on the bank statement was a note collected by the bank for $600 plus interest of $40; Checks outstanding totaled $480. Bank service charges were $20; Deposits in transit were $600. what the adjusted cash balance at the end of August should be:

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M980035

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