the close of business on May 31, its Cash account shows a debit balance of $18,525. Clayborn's May bank statement shows $17,000 on deposit in the bank. Determine the adjusted cash balance using the following information:
Deposit in transit $5,650
Outstanding checks $4,900
Bank service fees, not yet recorded by company $40
A NSF check from a customer, not yet recorded by the company $735
The adjusted cash balance should be:
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