申論題

7. rvan Enterprise's bank statement for the month of May showed a balance per bank of $3,025. The company's Cash account in the general ledger had a balance of $2,220 at May 31. Other information is as follows;

(7) The bank included a credit memorandum for $1，090 that represents collection of a customer's note by the bank for the company; principal amount of the note was $1,000 and interest was $90. Ivan had accrued the interest on the note. Compute the amount of “adjusted cash balance per books” in the Bank Reconciliation