Help Save & Exit Franklin Company deposits all cash recetpts on the day they are received and makes all cash payments by check. At the close of business on August 31, Its Cash account shows a debit balance of $24,662. Franklin's August bank statement shows $23.437 on depost in the bank. Determine the adjusted cash balance using the following Information Deposit in transit Outstanding checks Bank service fees, not yet recorded by company The bank collected on a note receivable, not yet recorded by the company $7,958 $6,200 $165 The adjusted cash balance should be: $31,387 $17.237 1 of 10 Next > re to search