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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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