Question
Hosung Company's Cash account shows a balance of $801.65 as of August 31 of this year. The balance on thebank statementon that date is $1,383.00.
Hosung Company's Cash account shows a balance of $801.65 as of August 31 of this year. The balance on thebank statementon that date is $1,383.00. Checks for $260.50, $425.10, and $331.00 are outstanding. The bank statement shows a check issued by another depositor for $237.25 (in other words, the bank made anerrorand charged Hosung Company for a check written by another company). The bank statement also shows anNSFcheck for $180 received from one of Hosung's customers.Service chargesfor the month were $18. What is the adjustedledger balance of cashas of August 31? Round your answer to two decimal places.
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