Question: While preparing the bank reconciliation for Tran's cheque account for 28 February the account identified the following items: Tran's balance according to the general ledger

While preparing the bank reconciliation for Tran's cheque account for 28 February the account identified the following items:

Tran's balance according to the general ledger $46,200

Outstanding cheques $1,100

Interest earned on the cheque account $50

A customer's NSF cheque returned by the bank $500

In addition, Tran made an error in recording a customer's cheque collection, the amount was recorded in cash receipts as $150, while the back correctly recorded the amount as $510. What amount will Tran report as its actual cash balance om 28 February?

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