Question
Correct Cash Balance Letterman Corporations bank statement for the month of April included the following information: Bank service charge for April $130 Check deposited by
Correct Cash Balance Letterman Corporations bank statement for the month of April included the following information:
Bank service charge for April $130
Check deposited by Letterman during April was not collectible and has been marked NSF by the bank and returned 400
In comparing the bank statement to its own cash records, Letterman found:
Deposits made but not yet recorded by the bank $1,324
Checks written and mailed but not yet recorded by the bank 987
All the deposits in transit and outstanding checks have been properly recorded in Lettermans books. Letterman also found a check for $350, payable to Letterman Corporation, that had not yet been deposited and had not been recorded in Lettermans books. Lettermans books show a bank account balance of $9,213 (before any adjustments or corrections). What is Letterman Corporations correct Cash balance at April 30?
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