Pina Colada Corp. gathered the following reconciling information in preparing its August bank reconciliation: Cash balance per books, 8/31$30800 Deposits in transit1300 Notes receivable and interest collected by bank7500 Bank charge for check printing180 Outstanding checks17600 NSF check1500 The adjusted cash balance per books on August 31 is:

$36,620

Explanation:

The computation of the adjusted cash balance is shown below:

Adjusted cash balance = Cash balance as per books + Notes receivable and interest collected by bank - Bank charge for check printing - Outstanding checks

= $30,800 + $7,500 - $180 - $1,500

= $36,620

Hence, the adjusted cash balance is $36,620. By applying the above formula we can easily find out

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