Question
Puki Co. is currently doing a bank reconciliation for the month. their bank statement shows a balance of $50,000 while the company's books show a
Puki Co. is currently doing a bank reconciliation for the month. their bank statement shows a balance of $50,000 while the company's books show a cash balance of $54,000 at the end of the month. There are outstanding withdrawals of $8,000, and outstanding deposits of $10,000. There is also a NSF check indicated for $2,500. Puki Co. also found an error in their recording of a check they wrote to pay for services. The bank had the check recorded for $400 while the company had written it down as $900. The bank had the correct amount recorded. After doing the bank reconciliation, what would the adjusted balance on the book side be?
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