=+EX 8-22 Bank reconciliation obj. 5

✔ Corrected adjusted balance:

$11,960 First Impressions Co. records all cash receipts on the basis of its cash register tapes.

First Impressions Co. discovered during June 2010 that one of its sales clerks had stolen an undetermined amount of cash receipts when she took the daily deposits to the bank.

The following data have been gathered for June:

Cash in bank according to the general ledger $ 7,865 Cash according to the June 30, 2010, bank statement 18,175 Outstanding checks as of June 30, 2010 5,190 Bank service charge for June 25 Note receivable, including interest collected by bank in June 8,400 No deposits were in transit on June 30.