On May 31, Money Corporation's Cash account showed a balance of $15,000 before the bank...
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On May 31, Money Corporation's Cash account showed a balance of $15,000 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 $ 1,750 Deposits outstanding 2,500 NSF check from a customer 130 Service fees 110 Error: Money Corporation 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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