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At the end of February. Howard Productions' accounting records reveal a balance for cash equal to 519,185. However, the balance of cash in the bsnk
At the end of February. Howard Productions' accounting records reveal a balance for cash equal to 519,185. However, the balance of cash in the bsnk at the end of February is only $1,935. Howard is concerned and asks the company's accountant to reconcile the wo balances. Examinetion of the bank statement and company records at the end of February reveals the following information: In add tion, during February the compony/s accountant wrote a check to one of its suppliers for $110. The check was recordod correctly in the companys records for $110 but processed incorrectly by the bank for $1,100. Howard has contacted the bank, which has agreed to fox the error Finaly, a petty cash fund of $3.700 was established during Fobruary. This amount was withdrawn from the checking sccount but not recorded. Required: Cacculate the correct ending balance of cash at the end of February. (Amounts to be deducted should be indicated with a minus signy
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