Kevin Malone, accountant at Alfredo & Associates, had the hardest time reconciling the cash account in November. He collected the following information: Bank statement balance, 11/30/2020 $12,345
Unadjusted book balance, 11/30/2020 $8,888
Bank service charge $50
Outstanding checks $6,925
Interest earned $329
NSF check from client $550
Deposit in transit $2,450
Note receivable collected by bank $2,250

Kevin properly included each of the above items on the reconciliation but still could not agree the adjusted book/bank balances. A pesky variance remained. After additional hours of review, Kevin identified that the check from customer Eugene Popo was incorrectly recorded on the books. The bank properly recorded the amount of $234,567, but Kevin had transposed two of the numbers when initially recording the transaction. Once the error was corrected, the bank reconciliation.

What amount did Kevin initially record in the books for the Popo check?

$237,564

Explanation:

                                          Kevin Malone

                       Bank Reconciliation - November 30

         Bank's Cash Balance                  Company's Cash Balance

Particulars                       Amount       Particulars                      Amount

Ending balance as per    $12,345       Ending balance as          $8,888

Bank statement                                    per cash books

Additions:                                              Additions:

Outstanding Deposits      $2,450        Interest earned               $329

                                                              Note collection by bank $2,250

Deductions:                                           Deductions:

Outstanding checks          $6,925        NSF Check                       $550

                                                               Service charge                 $50

                                                               Incorrect recording of      $2,997

                                                             check (Balance figure)                

Up to date cash balance  $7,870        Up to date cash balance $7,870

as per bank                                             as per books

Amount at which Popo check was initial recorded in Kevin books = $234,567 + $2,997 = $237,564

i might look it up later.