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At the end of February, Weber Productions' accounting records reveal a balance for cash equal to $ 1 9 , 1 8 0 . However,
At the end of February, Weber Productions' accounting records reveal a balance for cash equal to $ However, the balance of cash in the bank at the end of February is only $ Weber is concerned and asks the company's accountant to reconcile the two balances. Examination of the bank statement and company records at the end of February reveals the following information:
NSF checks
$
Service fees
$
Deposits outstanding
Checks outstanding
In addition, during February the company's accountant wrote a check to one of its suppliers for $ The check was recorded correctly in the company's records for $ but processed incorrectly by the bank for $ Weber has contacted the bank, which has agreed to fix the error. Finally, a petty cash fund of $ was established during February. This amount was withdrawn from the checking account but not recorded.
Required:
Calculate the correct ending balance of cash at the end of February. Amounts to be deducted should be indicated with a minus sign.
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