Easton Co.deposits all cash receipts on the day they are received and makes all cash payments by check.At the close of business on June 30,its Cash account shows a debit balance of $60,209.Easton's June bank statement shows $58,349 on deposit in the bank.Determine the adjusted cash balance using the following information: 
The adjusted cash balance should be:
Definitions:
Goodwill Method
An accounting approach used to assess the monetary value of goodwill in the merging or acquisition of businesses.
Capital Balance
The amount of funds contributed by owners or shareholders, plus retained earnings and minus any distributions to owners or shareholders.
Independent Appraisal
The process of determining the value of an asset, property, or company by a professional appraiser who is not influenced by any party involved in the transaction.
Retires
The process of removing an asset from the company’s balance sheet because it has been disposed of or is no longer in use.
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