Question
What is the amount of cash that should be reported in the company's balance sheet as of May 31 4. What is the amount of
What is the amount of cash that should be reported in the company's balance sheet as of May 31
4. What is the amount of cash that should be reported in the company's balance sheet as of May 31 ? On May 31 , Money Corporation's Cash account showed a balance of $10,000 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 Service Charges $2,950 3,600 170 105 Error: Money Corp. wrote a check for S40 but recorded it incorrectly for $400. A. $9,725 B. $10,650 c. $10,085 D. $9,285
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