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Marjorie Company's cash balance per the books at the end of the month was s6,500. After comparing the company's records with the monthly bank statement,
Marjorie Company's cash balance per the books at the end of the month was s6,500. After comparing the company's records with the monthly bank statement, Marjorie's accountant identified the following reconciling items: outstanding checks, $800; deposits in transit,$ bank service charge, $30; and NSF check, $500. The bank collection of a note receivable was $1,000 plus interest of $100. There also was an EFT payment of $100. What is the adjusted book balance at the end of the month? 700
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