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Shep Company's records show the following information for the current period. Shep Company has $21,162 in its cash account at the end of the period.

Shep Company's records show the following information for the current period. Shep Company has $21,162 in its cash account at the end of the period. The amount of $20,637 is shown on the bank statement. Using the information below, calculate the adjusted cash balance using the following information: Deposit in transit $ 6,900 Outstanding checks $ 5,500 Bank service fees, not yet recorded by company $ 130 The bank collected on a note receivable, not yet recorded by the company $ 1,005 The adjusted cash balance should be

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