Question
The following information relates to Riser Corp.'s bank reconciliation for 12/31/2019: Rent check written to J. Harris, which has not yet cleared $1,200 Unadjusted bank
The following information relates to Riser Corp.'s bank reconciliation for 12/31/2019:
Rent check written to J. Harris, which has not yet cleared $1,200
Unadjusted bank statement balance, Dec. 31 $12,832
Discover bank error: Deposit of $320 was processed by the bank as $200
Note and interest collected by the bank (interest portion is $50) $550
Deposit made on 12/30, but which does not appear on bank statement $720
Bank service charge $40
Chargeback for customer NSF check $300
Fee for NSF check $20
Interest earned on balance $75
Unadjusted book balance of cash, Dec. 31 $12,207
What final, adjusted balance should the bank reconciliation show?
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