The unadjusted balance of the company's Cash account was $26,620 at the end of June. The bank statement shows a balance on June 30 of $26,960. Outstanding checks totaled $4,000 at June 30. Deposit in transit totaled $3,000 on June 30. The bank statement included unrecorded interest earned in the amount of $150. Check #1221 (in payment of account payable) was written for $4,900, but recorded in the accounting records as $4,090. The adjusted bank and book balance is:.

Adjusted bank and book balance is $25,960 and $25,960 respectively

Explanation:

                                 Bank statement balance       Book balance

Opening balance            26,960                                  26,620

Add:                          Deposit in transit                    Interest earned    

                                         3,000                                  150

Less:                  Outstanding check                           Error on check

                                        4,000                      (4,900 -4,090) = 810

Adjusted Balance         $25,960                                   $25,960

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