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Brads Market's accountant is preparing its May bank reconciliation and has collected the following data: Per Books Per Bank May 1 balance $11,600 $10,000 May
Brads Market's accountant is preparing its May bank reconciliation and has collected the following data: Per Books Per Bank May 1 balance $11,600 $10,000 May deposits 24,600 21,200 May checks 27,800 29,000 Note collected (includes 10% interest) -- 4,400 May service charge -- 20 May 31 balance 8,400 6,580 Additionally, deposits in transit and outstanding checks from April's reconciliation were $4,400 and $2,800, respectively. The correct balance for Cash at May 31 should be
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