The following data were accumulated for use in reconciling the bank account of Jack's Toyshop...
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Accounting
The following data were accumulated for use in reconciling the bank account of Jack's Toyshop for the month of July: 1. Cash balance according to the company's records at July 31, 2015 is $16,630. 2. Cash balance according to the bank statement at July 31, 2015 is $18,230. 3. Checks outstanding $3,180. 4. Deposit in transit, not recorded by bank $1,950. 5. Check for $270 in payment of an account was erroneously recorded in the check register as $720. 6. Bank debit memo for service charges, $80. What is the adjusted cash balance after performing a bank reconciliation
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