Jay Companys general ledger indicates a cash balance of $$\mathrm{}\mathrm{8,0}00$ as at the end of October $2023,$ prior to completing a bank reconciliation. The bookkeeper has identified the following information: 

 

 

 Outstanding cheques $$\mathrm{}3,000.$ 

 

 

 Outstanding deposits $$\mathrm{}2,000.$ 

 

 

 Bank service charges $$1\mathrm{}50$ shown on the October $31$ bank statement. 

 

Required:

How much is the corrected cash balance of Jay Company as of October $31,2023?$

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To determine the corrected cash balance of Jay Company as of Oct... View the full answer