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The following information pertains to Sooner Company's cash balance and bank reconciliation as of August 31: Company balance before reconciliation Checks outstanding Notes collected by the banlk Service fee Deposits outstanding $2,500 $2,200 $50 $2,000 What is the correct cash balance for Sooner Company? $7,150. O $5,150 O $7650 O $7.250 Money Corporation's Cash account showed a balance of $10,000 before the bank on was prepared. After examining the May bank statement and items included with it, the On May 31, company's accountant found the following items: $2,250 1,900 Checks outstanding Deposits outstanding NSF check Service fees Error: Money Corp. wrote a check for $30 but recorded it incorrectly for $300 What is the amount of cash that should be reported in the company's balance sheet as of May 31? O $9,860. $9,650. $10,130, O $10,410. Ryerson Co. provides goods and services to customers during the year totaling $100,000. Also during the year, customers are granted discounts, returns, and allowance of $20,000. At the end of the year, Ryerson estimates that an additional $5,000 in discounts, returns, and allowances will occur next year as a result of sales transactions this year. What is the amount of net revenues Ryerson will report in its current-year income statement? O $85,000. O $75,000. o $100,000. O $80,000