Question: Dance Town Academy The items listed below were identified while preparing a bank reconciliation for the companys checking account as of March 31, 2013. Cash
Dance Town Academy The items listed below were identified while preparing a bank reconciliation for the companys checking account as of March 31, 2013.
| Cash balance according to the general ledger | ? |
| Bank statement balance | $18,500 |
| Outstanding checks | 2,700 |
| Customer's bounced check | 350 |
| Bank service charges | 100 |
| Deposits in transit | 1,000 |
| Interest earned on the checking account | 60 |
Refer to Dance Town Academy. Determine the amount of the companys adjusted cash balance.
| $16,800 | ||
| $20,200 | ||
| $ 1,700 | ||
| Cannot be determined |
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