Question: Bank Reconciliation Garrison Corporation was closing its books on May 31. Garrison's accountant prepared a bank reconciliation as of May 31 and has found the
Bank Reconciliation
Garrison Corporation was closing its books on May 31. Garrison's accountant prepared a bank reconciliation as of May 31 and has found the following possible reconciling items between its book balance and its cash balance per the bank:
| Garrison's book balance | $9,820 |
| Outstanding checks | 960 |
| Customer's NSF check returned by the bank | 190 |
| Interest earned on checking account | 200 |
In the search for reconciling items, the accountant also discovered that Garrison made an error in recording a customer's check: the amount was recorded in cash receipts as $350; the bank recorded the amount correctly as $530.
Required:
What amount will Garrison report as its adjusted cash balance at May 31?
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