A bank reconciliation revealed cash per the bank statement of $1,484, cash per company records of $1,681, bank charges of $11, deposits in transit of $317, outstanding checks of $221, and NSF checks of $90. The correct cash balance is?

Correct cash balance is $ 1,580

Explanation:

Balance as per cash book $ 1,681

Less: Bank charges $ (11)

Less: NSF cheques $ (90)

Adjusted balance per cash book $ 1,580

Balance per bank statement $ 1,484

Add: Deposits in transit $ 317

Less; Outstanding checks $ (221)

Adjusted balance per bank statement $ 1,580