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Clayborn Company deposits all cash recetpts on the day they are receved and makes all cash psyments by check At the close of business on

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Clayborn Company deposits all cash recetpts on the day they are receved and makes all cash psyments by check At the close of business on May 31 balance of $20,525. Clayborn's May bank statement shows 18,600 on deposit in the bank. Determine the adusted cash belance using the Sollowing information lts Cash account shows a debr Deposit in transit Outstanding checks Bank service fees, not yet recorded by company A NSF check from a custoner, not yet recorded by the company $6,250 $5,300 5 60 $ 915 The odjusted cash balance should be

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