explain

TB Ex Qu. 4-177 A company's bank statement shows a cash balance... A company's bank statement shows a cash balance of $4,140. Comparing the company's cash records with the monthly bank statement reveals several additional cash transactions such as checks outstanding of $2,220, NSF check of $280, Interest earned of $37, service fee of $49, and a check for $130 recorded twice by the company. Calculate the correct balance of cash. Cash balance