interest expense report income statement month ended November 30

the answer is NOT 2550

Sparky, Inc. has just received the August 31, 2020, bank statement, which is summarized below. Arizona National Disbursements Receipts Balance Bank Balance, $14,709 August 1 Deposits during $50,554 65,263 August Note 1,633 66,896 collected Checks cleared $ 54,165 12,731 during August Bank Service 31 12,700 Charges Balance, $12,700 August 31 As of August 31, Sparky, Inc. showed an ending balance in their Cash ledger of $15,920. Deposits in transit at August 31 are $5,966, and checks outstanding at August 31 total $1,649. Cash on hand (petty cash) at August 31 is $487. The bookkeeper improperly entered one check in the books at $146.50 which was written for $164.50 for supplies; it cleared the bank for the correct $164.50 during the month of August