Chen Inc.'s cash balance in the accounting records, before receiving the bank statement, at June 30th was $16,170. During June the company recorded $10,000 of deposits but the bank only showed $7,900 on the June statement. Some of the company's deposits were made on the last day of the month. The company's records also showed that the company wrote checks totalling $3,600 that had not yet cleared the bank. The June 30th bank statement showed a balance of $16,750. The company was surprised to see that the bank statement showed the following items that the company was not aware of until the bank statement arrived: NSF check for $935, bank fee of $10, and interest income totalling $25. What is the total amount of cash that should be reported on Chen Inc.'s balance sheet at June 30th? a. $15,250
b. $17,120
c. $14,670
d. $17,850

The total amount of cash that should be reported on Chen Inc., balance sheet at June 30th is $15,250

The answer is option A.

Explanation:

The total amount of cash that should be reported on Chen Inc., balance sheet at June 30th is as follows:

                                                                                      $         $

Balance as per bank statement at June 30                      16,750

Add: Deposit in transit ($10,000 - $7,900)                       2,100

Less:  

Outstanding Checks                                                       3,600

Adjusted Cash Balance                                                     $ 15,250

Balance as per accounting records at June 30              16,170

Add: Interest Income                                                        25

Less:  

NSF Checks                                                         935  

Bank Fees                                                                    10           945

Adjusted Cash Balance                                                     $ 15,250

answer///(d)individual rights of a person are integral to analyzing the morality of action;