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The following information was taken from BammerCo's bank reconciliation at the end of the year: Bank balance $ 12,000 $ 4,000 Checks outstanding Note collected
The following information was taken from BammerCo's bank reconciliation at the end of the year: Bank balance $ 12,000 $ 4,000 Checks outstanding Note collected by the bank $ 1,500 Service fee $ 20 Deposits in transit $ 5,000 NSF check $ 480 What is the correct cash balance that should be reported in BammerCo's balance sheet at the end of the year? You must provide an answer to this question before selecting "NEXT." If you skip this question it will be marked as incorrect and you will not be able to return to it later during the exam. Select one: a. $11,000 b. $10,000 c. $14,000 d. $13,000 e. $12,000
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