Balance per bank statement, Nov.

30 3,600,000
Add: Deposit in transit 800,000
Total 4,400,000
Less: Outstanding checks 1,200,000
Bank credit recorded in error 200,000 1,400,000
Balance per book, Nov. 30 3,000,000
Data per bank statement for the month of December follow:
December deposits (including note collected of
1,000,000 for Cool Company) 5,500,000
December disbursements (including NSF,
350,000 and service charge, 50,000) 4,400,000
All the items that were outstanding on November 30 cleared through the bank in
December, including the bank credit. In addition, 500,000 in checks were outstanding and
deposits of 700,000 were in transit on December 31.

Balance per bank statement, Nov. 30 3,600,000

Add: Deposits 5,500,000
Total 9,100,000
Less: Disbursement 4,400,000
Balance per bank statement, Dec. 31 4,700,000
Balance per bank statement, Dec. 31 4,700,000
Add: Deposits in transit, Dec. 31 700,000
Total 5,400,000
Less: Outstanding Checks, Dec. 31 500,000
Adjusted cash balance 4,900,000