Question
New Store has the following information at August 31: Two deposits made on August 31 were not on the bank statement, totaling $5,300. The bank
New Store has the following information at August 31: Two deposits made on August 31 were not on the bank statement, totaling $5,300. The bank collected an EFT payment on a note receivable for $2,750. Of this amount, $150 represented interest on the note. August 31 balance in Cash was $11,677. The bookkeeper forgot to record check #1578 for $843 which was cashed by the bank on August 15th. The balance on the bank statement as of August 31 was $10,500. A check printing fee of $40 was shown on the bank statement. NSF check $100. Checks #1572, 1606, and 1548, totaling $2,356, were not shown on the bank statement, even though the company had sent the checks. What is the adjusted bank balance at August 31?
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