Before completing its monthly bank reconciliation, Wangerin…
Before completing its monthly bank reconciliation, Wangerin Corp. had a cash balance per books of $50,000. Wangerin’s Bank Statement contained the following items: A debit memorandum for an NSF check of $100 Bank service charges of $30 for the month A credit memorandum for an EFT collection from a customer of $2,000 In addition, Wangerin wrote a check to a supplier in the amount of $25, but the accounting clerk incorrectly recorded the check amount as $52. Deposits in transit were $6,000. What is Wangerin Corp’s adjusted cash balance per the books?