Question
Jacobs Laundry shop provided the following information for April 30, 2013: a) The bank statement ending balance is $9,331.65. b) The book ending balance is
Jacobs Laundry shop provided the following information for April 30, 2013: a) The bank statement ending balance is $9,331.65. b) The book ending balance is $7,850.12 c) Outstanding checks equal $1,750.00 d) A deposit in transit is $670.85 e) A DM from the bank shows a customers (H. Fields) NSF check for $636.88 f) A DM for the monthly service charge shows $25.00 g) A check correctly written by the company for $256.00 was recorded by the bank as $265.00. h) The same check in (g) above was recorded as $562.00 by the company. i) A CM from the bank shows a note collected in the amount of $787.26 which includes $22.00 in interest. The bank also shows a separate DM for a $20.00 for collecting the note. Determine the adjusted bank statement ending balance.
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