QUESTION 16 The following information is available for use in preparing ABC Co.'s bank reconciliation as of October 31, 20X3: Unadjusted book balance per the depositor's records of $16,000, Unadjusted bank statement balance of $21,200, Deposits in transit of $4,750, Debit memo for an NSF check for $200, Debit memo for bank service charges of $100, Credit memo for the bank's collection of a note receivable for $7,000 for the depositor, Outstanding checks that total $2,700, and, An erroneous recording by the bank of a $550 deposit that belonged to a different company. What is the adjusted cash balance owned by the company on October 31, 20X3? QUESTION 16 The following information is available for use in preparing ABC Co.'s bank reconciliation as of October 31, 20X3: Unadjusted book balance per the depositor's records of $16,000, Unadjusted bank statement balance of $21,200, Deposits in transit of $4,750, Debit memo for an NSF check for $200, Debit memo for bank service charges of $100, Credit memo for the bank's collection of a note receivable for $7,000 for the depositor, Outstanding checks that total $2,700, and, An erroneous recording by the bank of a $550 deposit that belonged to a different company. What is the adjusted cash balance owned by the company on October 31, 20X3