+-2

The following was reviewed with Rondo and Laura and agree to the following adjustments for the year ended March 31 : a) Physical Inventory counts shows $155,000 of supplies on hand. b) Prepaid rent at March 31 should be $13,000. c) Depreciation for 2023 is $75,000. d) Unearned Revenue should be $41,000. e) Wages in the amount of $40,000 are owed but unpaid and not recorded at yearend. f) 3 months interest at 8% on the note was paid on May 31. Interest for the period from January 1 to March 31 is not paid and not recorded. g) Income tax of $125,000 is owed but not recorded and unpaid. Rondo wants Laura to provide him with the adjusting journal entries as well as the statement of earnings, statement of retained earnings and the statement of financial position. In addition, Rondo also wants Laura to review the cash and bank information below and prepare a bank reconciliation for the present month, May 31, 2023. What will be the amount reported for cash on the statement of financial position at May 31 , 2023. The following is the information at April 30th regarding the cash account: The bank statement for Acme Plastics for May is as follows