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On May 3 1 , Money Corporation's Cash account showed a balance of $ 1 5 , 5 0 0 before the bank reconciliation was

On May 31, Money Corporation's Cash account showed a balance of $15,500 before the bank reconciliation was prepared.After examining the May bank statement and items included with it, the company's accountant found the following items:Checks outstandingDeposits outstandingNSF check from a customerService fees$ 3,0501,90011075Error: Money Corporation wrote a check for $55 but recorded it incorrectly for $550.What is the amount of cash that should be reported in the company's balance sheet as of May 31?

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