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In an audit of Lisas Doghouse on December 31, 2020, the following data are gathered: Balance per book 1,000,000 Bank charges 3,000 Outstanding checks 235,000

In an audit of Lisas Doghouse on December 31, 2020, the following data are gathered:

Balance per book 1,000,000
Bank charges 3,000
Outstanding checks 235,000
Deposit in transit 300,000
Customer note collected by bank 375,000
Interest on customer note 15,000
Customer check returned NSF 62,000
Depositor's note charged to account 250,000

What is the adjusted cash in bank on December 31, 2020?

1,325,000

1,575,000

1,075,000

1,065,000

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