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Shan Enterprises received a bank statement listing its May 31, 2021, bank balance as $48,782. Shan determined that as of May 31 it had cash

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Shan Enterprises received a bank statement listing its May 31, 2021, bank balance as $48,782. Shan determined that as of May 31 it had cash receipts of $3,700 that were not yet deposited and checks outstanding of $8,424. Calculate Shan's correct May 31, 2021, cash balance. Balance per bank statement Add: Deduct: Corrected cash balance

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