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- $ 2,250
Deposits outstanding- 1,900
NSF check- 100
Service fees-40
Error: Money Corp. wrote a check for $30 but recorded it incorrectly for $300.
What is the amount of cash that should be reported in the company's balance sheet as of May 31?
A) $9,860.
B) $9,650.
C) $10,130.
D) $10,410.
Answer: $10,130,
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Accounting
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