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A company's Cash account shows a balance of $5,690 at the end of the month. Comparing the company's Cash account with the monthly bank statement reveals several additional cash transactions such as deposits outstanding ($1,300), checks outstanding ($2,380), bank service fees ($43), an NSF check from a customer ($160), a customer's note receivable collected by the bank ($500), and interest earned ($69).

Answer :

ascended020320

Answer:

$3,978.00 is the end cash account balance after all monthly transactions have been processed and posted.

Explanation:

$5,690.00-2,380.00-43.00-160.00-500.00+69.00+1,300.00 (if the deposites outstanding have posted for the 1,300.00)=$3,978.00

OR $2,678.00 (without the deposites outstanding being posted to the account. )

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