Question: Hosung Company s Cash account shows a balance of 801 65
Hosung Company’s Cash account shows a balance of $ 801.65 as of August 31 of this year. The balance on the bank statement on that date is $ 1,383. Checks for $ 260.50, $ 425.10, and $ 331.00 are outstanding. The bank statement shows a check issued by another depositor for $ 237.25 (in other words, the bank made an error and charged Hosung Company for a check written by another company). The bank statement also shows an NSF check for $ 180 received from one of Hosung’s customers. Service charges for the month were $ 18. What is the adjusted ledger balance of cash as of August 31?
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