Dana is looking at the end of month statement, which shows a balance of $75,000. However,...

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Dana is looking at the end of month statement, which shows a balance of $75,000. However, she notices that there was a deposit of $15,000 in transit at the end of the month that is not listed here. Similarly, there are outstanding checks totaling $54,000. Dana also notices that a check for $4,000 was incorrectly charged against their account. What is the correct balance for this account at the end of the month? $75,000 $40,000 $118,000 Ⓒ$37,000 Dana is looking at the end of month statement, which shows a balance of $75,000. However, she notices that there was a deposit of $15,000 in transit at the end of the month that is not listed here. Similarly, there are outstanding checks totaling $54,000. Dana also notices that a check for $4,000 was incorrectly charged against their account. What is the correct balance for this account at the end of the month? $75,000 $40,000 $118,000 Ⓒ$37,000

Answer rating: 100% (QA)

Solution Based on the information month end balance is ... View the full answer