A check register shows a balance of $346.71. The bank statement shows that two checks of $42.34 and $56.25, deposited by the account owner, were drawn against a closed account and were returned as invalid. A charge for $2.00 for each deposit was also deducted by the bank because of the returns. Compute the adjusted cash balance of the check register.

Adjusted Cash Balance

An amount reflecting the true cash balance after accounting for outstanding checks or deposits in transit.

Check Register

A check register is a record book used to track checks written, deposits made, and the current balance of a checking account.

Closed Account

A bank or credit account that has been terminated, either by the customer or the financial institution, often due to inactivity or zero balance.