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On December 31, Lewis Company's bank statement had a balance of $27,100. Analysis of the bank statement and comparison of the statement and records indicated
On December 31, Lewis Company's bank statement had a balance of $27,100. Analysis of the bank statement and comparison of the statement and records indicated the following: Deposits in transit at the end of December $ 16,555 Outstanding checks at the end of December 6,170 Bank service charge 5 Customer's returned check, NSF 1,060 Bank collection of note on our behalf 5,700 O Interest received on note 170 In reviewing the records, Lewis Company also discovered the following error: A Kansas Company deposit of $1,200 was incorrectly deposited into Lewis Company's account. Required: Compute the adjusted balance of Cash per bank statement. Adjusted balance of Cash: $0 X
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