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Apple Inc. maintains a banking balance with a bank: The company's general ledger checking account showed the following for December: The December bank statement contained
Apple Inc. maintains a banking balance with a bank: The company's general ledger checking account showed the following for December: The December bank statement contained the following information: The checks processed by the bank include all of the outstanding checks at the end of November except for check \#365. In addition, there are some December checks that had not been processed by the bank by the end of the month. Also, you discover that check \#411 for $320 was correctly recorded by the bank but was incorrectly recorded on the books as a \$230 disbursement for advertising expense. Included in the bank's deposits is a $1,300 deposit incorrectly credited to the company's account. The deposit should have been posted to the credit of Apple Inc. The NSF checks have not been redeposited and the company will seek payment from the customers involved. What is Apple Inc.'s adjusted bank balance at the end of the period
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