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Question 5 (of 15) The following information was taken from the bank reconciliation for Mooner Sooner inc at the end of the year Bank balance:

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Question 5 (of 15) The following information was taken from the bank reconciliation for Mooner Sooner inc at the end of the year Bank balance: 58.000 Checks outstanding $8.700 Note collected by the bank 51.900 Service fee: $30 Deposits outstanding: $4,300 NSF check (bad check) returned for $500 What is the correct cash balance that should be reported in Mo poner's balance sheet at the end of the year? $3,600 53,570 $9.400 $7,500

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