A company's bank statement balance shows that there is $4,190 in the checking account at the end of the month. Comparing the company's records with the bank statement reveals several additional items, such as outstanding checks of $1,860, deposits in transit of $2,080, an NSF check of $209, interest earned of $21.52, a bank service charge of $40, and a check for $120 recorded twice by the company. Calculate the adjusted cash balance for this checking account.
What will be an ideal response?
$4,190 bank balance + $2,080 deposits in transit ? $1,860 outstanding checks = $4,410
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