Question
A companyreceived a bank statement at the end of the month. The statement contained these items: Bank service charge for the month $300 Interest earned
A companyreceived a bank statement at the end of the month. The statement contained these items:
Bank service charge for the month $300
Interest earned and added by the bank to the account balance $100
Ending balance (reflects interest and bank service charge) $9,000
In comparing the bank statement to its own cash records, the controller of the companyfound these items:
Deposits made but not yet recorded by the bank $10,000
Checks written and mailed but not yet recorded by the bank $4,000
Before making any adjustment suggested by the bank statement, the cash balance according to the company'sbooks is $4,200.
What is the correct adjusted general ledger balance as of the end of the month?
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