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During the audit of Exciting Company on December 31, 2019, the following data are gathered: Balance per book: $80,000 Bank charges: $200 Outstanding cheques: $19,000
During the audit of Exciting Company on December 31, 2019, the following data are gathered: Balance per book: $80,000 Bank charges: $200 Outstanding cheques: $19,000 Outstanding deposits: $24,000 Customers note collected by bank: $30,000 Interest on customer note: $1,200 Customer check returned NSF: $5,000 Depositor's note charged to account: $20,000 What is the adjusted cash in bank on December 31, 2019? $86,000 $106,000 $80,000 $85,000
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