Question - Hercules Co.'s monthly bank statement shows a balance of $22,300. Reconciliation of the statement with company books reveals the following information:
Bank Service Charge $15
Insufficient funds check 700
Outstanding Checks 2,250
Deposits in transit 500
Bank statement error in Hercules' favor 200
Check deposited by Hercules and cleared by the bank for $267, but improperly recorded by Hercules as $276.
What is the net cash balance per books after the reconciliation?