A Company's Bank Statement Balance Shows That There Is $4,190

Essay

A company's bank statement balance shows that there is $4,190 in the chequing account at the end of the month.Comparing the company's records with the bank statement reveals several additional items,such as outstanding cheques of $1,860,deposits in transit of $2,080,an NSF cheque of $209,interest earned of $21.52,a bank service charge of $40,and a cheque for $120 recorded twice by the company.Calculate the adjusted cash balance for this chequing account.