Answer:
Adjusted cash balance as per books = $11,100
Explanation:
Given Cash balance as per books = $9,400
Add: Deposits in transit that is deducted by us but not added by bank thus added = $9,400 + $1,100 = $10,500
Add: Notes Receivables collected by bank but not added in books = $10,500 + $2,500 = $13,000
Less: Bank Service Charges as not deducted in books = $13,000 - $50 = $12,950
Less: Outstanding Checks as yet not cleared = $12,950 - $1,450 = $11,500
Less: NSF check as not received by bank = $11,500 - $400 = $11,100
Adjusted cash balance as per books = $11,100
