Answer:
cash balance tobe reported in the balance sheet 16,880
Explanation:
cash account 16,000
NSF check 240
service charge (80)
amend mistake: 720
adjusted: 16,880
the check oustanding and the deposits in-transit are adjustment for the bank balance. not the firm cash accounting
We must look for data which wasn't know until receive the bank statement.
Those are:
the non-sufficient funds
the service charge
and the accounting mistake
The answer is "polyphonic"
Hope this helps:)
