BANK RECONCILIATION PROBLEM Exercise 1: At August 31, the Company has this bank information: cash balance per bank $7,150, outstanding checks $962; deposits in transit $1,700, and a bank service charge $20. Determine the adjusted cash balance per bank at August 31. Exercise 2: Given the following information, determine the adjusted cash balance per books 1. Balance per books as of June 30, $8,100 Outstanding checks, $600. NSF check returned with bank statement, $130. 2 3. 4. Deposit in transit, $300. 5. Check printing charges, $30. 6 Interest camed on checking account, $40.