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Balance per book 4,000,000 Bank Charges 10,000 Outstanding Checks 950,000 Deposit In transit 1,200,000 Customer Note Collected by Bank 1,500,000 Interest on customer note 60,000
Balance per book 4,000,000 Bank Charges 10,000 Outstanding Checks 950,000 Deposit In transit 1,200,000 Customer Note Collected by Bank 1,500,000 Interest on customer note 60,000 Customer check returned NSF 250,000 Depositor's Note charged to account 1,000,000 The correct cash balance is :
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