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  1. business
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  3. (2) the cash account shows a balance of $85,000 b

(2) The cash account shows a balance of $85,000 before reconciliation. The bank statement...

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Accounting

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(2) The cash account shows a balance of $85,000 before reconciliation. The bank statement does not include a deposit of $5,000 made on the last day of the month. The bank statement shows a collection by the bank of $2,400 and a customer's check for $680 was returned because it was NSF. A customer's check for $900 was recorded on the books as $1,080, and a check written for $138 was recorded as $183. The correct balance in the cash account was Select one: O a. $95,350 b. $86,540. C. $87,400. d. The answer does not exist e. $86,785

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