Bank Reconciliation
The company received a bank statement at the end of the month. The statement contained the following:

In comparing the bank statement to its own cash records, the company found the following:

Before making any adjustment suggested by the bank statement, the cash balance according to the books is $8,320.
What is the correct cash balance as of the end of the month? Verify this amount by reconciling the bank statement with the cash balance on the books.