Question
While preparing the February 28th bank reconciliation, the accountant identified the following items: Cash balance from company records $23,100 Outstanding checks 550 Interest earned on
While preparing the February 28th bank reconciliation, the accountant identified the following items: Cash balance from company records $23,100 Outstanding checks 550 Interest earned on the checking account per bank statement 100 NSF check per bank statement 1,000 In the process of preparing the reconciliation, the accountant discovered an error in recording a customer's check. The amount was incorrectly recorded on the books as a cash receipt of $650. The bank correctly recorded the amount of $600. What is the companys adjusted cash balance on February 28th?
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