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On December 31, Richardson Company's bank statement had a balance of $25,230. Analysis of the bank statement and comparison of the statement and records indicated
On December 31, Richardson Company's bank statement had a balance of $25,230. Analysis of the bank statement and comparison of the statement and records indicated the following: Deposits in transit at the end of December $ 12.825 O Outstanding checks at the end of December 6.860 O Bank service charge 15 O Customer's returned check, NSF 1.200 O Bank collection of note on our behalf 4.810 Interest received on note 220 In reviewing the records, Richardson Company also discovered the following error: A Kansas Company deposit of $960 was incorrectly deposited into Richardson Company's account. Required: Compute the adjusted balance of Cash per bank statement. Adjusted balance of Cash: $0
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