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Border Company's cash account had a balance of $962 on August 31. This included a bank deposit of $87 that was in transit on the
Border Company's cash account had a balance of $962 on August 31. This included a bank deposit of $87 that was in transit on the 31st. The August 31 bank statement contained the following information:
Bank Statement Balance | $1,089 |
NSF check | 16 |
Bank Service Charge | 7 |
Collection of notes receivable | 68 |
Border also had checks outstanding of $169. What is Border's adjusted cash balance at August 31?
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