Business, 03.04.2020 23:15, maddyrose814
On May 31, Money Corporation's Cash account showed a balance of $10,500 before the bank reconciliation was prepared. After examining the May bank statement and items included with it, the company's accountant found the following items: Checks outstanding $ 1,450 Deposits outstanding 2,300 NSF check 300 Service fees 85 Error: Money Corp. wrote a check for $125 but recorded it incorrectly for $1,250. What is the amount of cash that should be reported in the company's balance sheet as of May 31
Answers: 1
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