Refer to PE 6-64. Make all journal entries necessary on the company’s books to adjust the reported cash balance in response to the receipt of the bank statement.

Data from PE 6-64

Bank Reconciliation
Company G received a bank statement at the end of the month. The statement contained the following:
Ending balance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $61,000
Bank service charge for the month . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 275
Interest earned and added by the bank to the account balance. . . . . . . . . . . . . . . . . . . . 195
In comparing the bank statement to its own cash records, the company found the following:
Deposits made but not yet recorded by the bank. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $14,300
Checks written and mailed but not yet recorded by the bank . . . . . . . . . . . . . . . . . . . . . 26,700
Before making any adjustments suggested by the bank statement, the cash balance according to the books is $48,680. What is the correct cash balance as of the end of the month? Verify this amount by reconciling the bank statement with the cash balance on the books.