Question - Grant Company gathered the following reconciling information in preparing its July bank reconciliation:
Cash balance per books, 7/31.....................$4,500
Deposits-in-transit..............................$ 150
Notes receivable and interest collected by bank..$ 850
Bank charge for check printing...................$ 20
Outstanding checks...............................$2,000
NSF check........................................$ 170
Calculate the adjusted cash balance per books on July 31?