(Answered) Question - jim parkus is unable to reconcile the bank

Accounting

Question - Jim Parkus is unable to reconcile the bank balance at January 31. Jim's reconciliation is shown here.

Cash balance per bank $3,660.20

Add: NSF check 570.00

Less: Bank service charge 25.00

Adjusted balance per bank $4,205.20

Cash balance per books $3,975.20

Less: Deposits in transit 590.00

Add: Outstanding checks 870.00

Adjusted balance per books $4,255.20

Instructions

(a) What is the proper adjusted cash balance per bank?

(b) What is the proper adjusted cash balance per books?

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