The bank statement for Rudy’s Painting Company had an ending balance as of March 31 of $42,765.88…

The bank statement for Rudy’s Painting Company had an ending balance as of March 31 of $42,765.88. Also listed on the statement was a service charge for $27.50. Check 1305 that Rudy wrote to pay for equipment purchased March 25 had not cleared the bank yet—the amount was $6,725.15. Deposits in transit were $3,185.64. Rudy’s bank collected a $1,100 note for him in March. After reviewing the bank statement and the canceled checks, Rudy discovered that the bank mistakenly deducted $1,185.19 from his account on a check that was written by Ruby’s Landscaping. Calculate the true cash balance as of March 31.

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