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Social Studies, 20.02.2020 23:00 peachijmin
On May 31, Soney Corporation's Cash account showed a balance of $12,500 before the bank reconciliation was prepared. After examining the May bank statement and items included which it, the company's accountant found the following items:
Checks outstanding... $3,150
Deposits Outstanding... $2,900
NSF check... $160
Service Charges... $75
Error: Soney Corp. wrote a check for $115 but recorded it incorrectly for $1,150.
What is the amount of cash that should be reported in the company's balance sheet as of May 31?
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On May 31, Soney Corporation's Cash account showed a balance of $12,500 before the bank reconciliati...
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