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Rainey Company's true cash balance at October 31 is $4,920. The following information is available for the bank reconciliation: Outstanding checks, $770 Deposits in transit,
Rainey Company's true cash balance at October 31 is $4,920. The following information is available for the bank reconciliation:
- Outstanding checks, $770
- Deposits in transit, $550
- Bank service charges, $110
- The bank had collected an account receivable for Rainey Company, $1,200
- The bank statement included an NSF check written by one of Rainey's customers for $720
Based on this information Rainey's unadjusted book balance at October 31 is:
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