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The following information is available for the Muharraq Company for the month of December. 1. On December 31, after all transactions have been recorded, the

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The following information is available for the Muharraq Company for the month of December. 1. On December 31, after all transactions have been recorded, the balance in the company's Cash account has a balance of $ 20,240. 2.The company's bank statement shows a balance on December 31 of $23,284. 3. Outstanding checks at December 31 total $3,850. 4. The bank collected $2,549 on a note receivable that is not yet recorded by Muharraq Company. 5. A$165 NSF check from a customer, J. Ahmed is shown on the bank statement but not yet recorded by the company. 6. A deposit placed in the bank's night depository on December 31 totaling $2,880 did not appear on the bank statement. 6. Adeposit placed in the bank's night depository on December 31 totaling $2,880 did not appear on the bank statement. 7. Comparing the checks on the bank statement with the entries in the accounting records reveals that check #345 for the payment of an account payable was correctly written for $2,560 but was erroneously recorded in the accounting records as $2.680. 8. Included in the bank statement was a bank service charge in the amount of $230. It has not been recorded on the company's books. Required: Calculate the adjusted bank balance. Calculate the adjusted book balance. (Please show all of your calculations]

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