Accounting question cash balance?

Question

The bank statement for Rodney's Lawn Maintenance had an ending balance as of March 31 of $25,450.85. Also listed on the statement was a service charge for $21. Check No. 1825 that Rodney's wrote to pay for equipment purchased March 30 had not cleared the bank yet—the amount was $5,415. Deposits in transit were $7,850.25. Rodney's bank collected a $1,275 note for the firm in March. After reviewing the bank statement and cancelled checks, Rodney's discovered that the bank mistakenly deducted $1,875.93 from the firm's account on a check that was written by Rogers's Lawn Maintenance.



Calculate the true cash balance as of March 31

Answer 1

Bal. per bank statement $25,450.85
Add:
Deposits in transit $7,850.25
Bank mistake $1,875.93
Less:
Unpresented chq #1825 $5,415
Adjusted bal. per bank statement $29,762.03