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Using the following information determine the amount of cash that should be reported in the balance sheet for August 31. Answer to nearest whole dollar

Using the following information determine the amount of cash that should be reported in the balance sheet for August 31. Answer to nearest whole dollar without any commas or decimal points eg. 1000 not 1,000.00 Enter a negative number as -10 not (10).

Deposit in transit

635

Balance per bank statement

5,685

Bank service charges

53

Checks outstanding

436

NSF check returned

76

Deposit of $1,100 recorded by company as $1,010

1,276

Selected Answer:

0

Correct Answer:

5,884 0

Response Feedback:

From the bank statement balance add the deposit in transit and subtract outstanding checks.

The general ledger account would need to be adjusted for the error, the bank service fee, and the NSF che

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