Alton co. had a cash balance of $32,300 recorded in its general ledger at the end of the month, prior to receiving its bank statement. reconciliation of the bank statement reveals the following information: no.5 a. $30,338 b. $30,392 c. $32,138 d. $32,192 after reconciling its bank statement, what amount should alton report as its cash account balance?

On january 2, well co. purchased 10% of rea, inc.’s outstanding common shares for $400,000, which equaled the carrying amount and the fair value of the interest purchased in rea’s net assets. well did not elect the fair value option. because well is the largest single shareholder in rea, and well’s officers are a majority on rea’s board of directors, well exercises significant influence over rea. rea reported net income of $500,000 for the year and paid dividends of $150,000. in its december 31 balance sheet, what amount should well report as investment in rea?