A company's general ledger shows a cash balance of $2,380.Comparing the company's cash records with the monthly bank statement reveals several additional cash transactions such as deposits outstanding of $1,760,note collected by the bank on the company's behalf of $1,000,and interest earned of $20.The company also finds an error by the bank of an additional deposit of $100.Calculate the correct balance of cash.

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The Answer of A company's general ledger shows a cash balance of $2,380.Comparing the company's cash records with the monthly bank statement reveals several additional cash transactions such as deposits outstanding of $1,760,note collected by the bank on the company's behalf of $1,000,and interest earned of $20.The company also finds an error by the bank of an additional deposit of $100.Calculate the correct balance of cash.

A Company's General Ledger Shows a Cash Balance of $2,380