A company's bank statement shows a cash balance of $4,220. Comparing the company's cash records with the monthly bank statement reveals several additional cash transactions such as checks outstanding of $2,140, NSF check of $210, interest earned of $40, service fee of $44, and a check for $120 recorded twice by the company. Calculate the correct balance of cash?

Explanation:

Correct cash balance = Cash balance shown in bank statement - Checks outstanding = 4220 - 2140 = 2080

two years ago, when picking flowers in the mountains back of yosemite valley, i found a book. it was blotted and storm-beaten; all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however; many of the inner pages were well preserved. and although all were more or less stained and torn, whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today; its granite pages have been torn and blurred by the same storms that wasted the castaway book.

two years ago, when picking flowers in the mountains back of yosemite valley; i found a book. it was blotted and storm-beaten, all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however, many of the inner pages were well preserved. and although all were more or less stained and torn; whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today, its granite pages have been torn and blurred by the same storms that wasted the castaway book.