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On May 31, Money Corporation's Cash account showed a balance of $10,500 before the bank reconciliation was prepared. After examining the May bank statement and
On May 31, Money Corporation's Cash account showed a balance of $10,500 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 outstanding Deposits outstanding NSF check from a customer Service fees Error: Money Corporation wrote a check for $45 but recorded it incorrectly for $450. What is the amount of cash that should be reported in the company's balance sheet as of May 31? Multiple Choice $10,095 $9,600 $ 1,450 3,700 280 125 $12.750
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