You are preparing a bank reconciliation. At the end of the month, cash in the company bank account was $12,698. According to the bank and accounting records, the following transactions took place. For each of the following transactions, do you adjust your cash balance per bank in the account reconciliation, and, if so, do you add or subtract the amount from the bank balance. Finally, calculate the adjusted cash balance.

1. The bank deducted a service fee of $56.90 from the companys bank account. The companys accounting staff learned of the fee from the month end bank statement. Answer

2. The company deposited $2,856 to the bank account but the transaction was not reported on the bank statement. Answer3. The company deposited a cheque of $598 from a customer. The cheque amount was correct and was correctly recorded in the accounting system. According to the bank statement, $558 was added to the companys chequing account. Answer4. The company mailed a cheque for $1,598 to a supplier during the month. The cheque hadnt cleared the bank by the end of the month. Answer

5. What is the adjusted bank balance, after reconciliation (whole number without comma or $ sign, e.g. 10000)? Answer