Problem 15-4 (AICPA Adapted)

Able Company received the bank statement for the month of March.
However, the closing balance of the account was unreadable.
Attempts to contact the bank after hours did not secure the desired
information.
February 28 book balance 1,460,000
Note collected by bank 100,000
Interest earned on note 10,000
NSF check of customer 130,000
Bank service charge on NSF check 2,000
Other bank service charges 3,000
Outstanding checks 200,000
Deposit of February 28 placed in night depository 85,000
Check issued by Axle Company charged
to Able’s account 20,000