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Business, 17.06.2020 23:57, kittenface3428
On May 31, Money Corporation's Cash account showed a balance of $11,500 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 $ 2,450 Deposits outstanding 2,000 NSF check 170 Service fees 40 Error: Money Corp. wrote a check for $50 but recorded it incorrectly for $500. What is the amount of cash that should be reported in the company's balance sheet as of May 31
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Answers: 3
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On May 31, Money Corporation's Cash account showed a balance of $11,500 before the bank reconciliati...
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