The following information was taken from the bank reconciliation for mooner sooner inc. at the end of the year: bank balance: $8,000 checks outstanding: $5,800 note collected by the bank: $1,500 service fee: $20 deposits outstanding: $4,000 nsf check (bad check) returned for $300 what is the correct cash balance that should be reported in mooner sooner's balance sheet at the end of the year? select one:

The correct answer is $ 6200.

Explanation: We must start from the $ 8000 bank balance, to which we will add the outstanding deposits of $ 4000 and finally we will subtract the $ 5800 to arrive at the correct cash balance in the Mooner Sooner balance at the end of the year.

Therefore 8000 + 4000 - 5800 = $ 6200.

its simple as this, microeconomics is the study of economics at an individual, group or company level, macroeconomics on the other hand, is the study of a national economy as a whole.

hope it =^-^=