posted by Anton .
While preparing the February 28th bank reconciliation for the checking account for Willow, Inc., the accountant identified the following items:
Willow's balance according to the general ledger $46,200
Outstanding checks $1,100
Interest earned on the checking account $50
A customer's NSF check returned by the bank $500
In addition, Willow made an error in recording a customer's check; the amount was recorded in cash receipts as $150, while the bank correctly recorded the amount as $510. What amount will Willow report as its adjusted cash balance on February 28th?