The company received a bank statement at the end of the month. The statement contained the following:
Ending balance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $33,000
Bank service charge for the month . . . . . . . . . . . . . . . . . . . . . . . . . . . 250
Interest earned and added by the bank to the account balance . . . . . 110
In comparing the bank statement to its own cash records, the company found the following:
Deposits made but not yet recorded by the bank . . . . . . . . . . . . . . . $11,200
Checks written and mailed but not yet recorded by the bank . . . . . . 21,300
Before making any adjustments suggested by the bank statement, the cash balance according to the books is $23,040. What is the correct cash balance as of the end of the month? Verify this amount by reconciling the bank statement with the cash balance on the books.