Problem
Rodgers Company gathered the following reconciling information in preparing its May bank reconciliation:
|
Line Item Description
|
Amount
|
|
Cash balance per company's records, May 31
|
$3,428
|
|
Deposits in transit
|
292
|
|
Note receivable and interest collected by bank
|
890
|
|
Bank charge for check printing
|
50
|
|
Outstanding checks
|
1,980
|
|
NSF check
|
152
|
Determine the adjusted balance that would appear in the company section of the bank reconciliation on May 31.