Respuesta :
Answer:
A.$20,200
Explanation:
The computation of the cash amount which should be reported in the balance sheet is shown below:
= August Bank statement balance + Deposits outstanding - Checks outstanding
= $22,400 + $2,300 - $4,500
= $20,200
The other amount which is given in the question is irrelevant. Hence, these items should not be considered in the computation, so they are ignored.
Answer:
the amount of cash that should be reported in balance sheet is $20200
option A is correct
Explanation:
given data
balance shown = $22400
Checks outstanding = $4,500
NSF = 140
Note collected = 1500
Deposits outstanding = 2300
service fees = 60
to find out
What is the amount of cash should be reported
solution
we will find amount of that should reported as given by
amount reported = balance amount + deposit outstanding - check outstanding ..................1
put here all these value in equation 1 we get
amount reported = 22400 + 2300 - 4500
amount reported = 20200
so the amount of cash that should be reported in balance sheet is $20200
option A is correct
