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What is the balance of the cash account

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Problem 1: The accounting records and bank statement of Sally's Seashell Store provide the following information at the end of April. The closing 'Cash' account balance was $47000, and the bank statement shows a closing balance of $46500. On reviewing the bank statement it is found an account customer has deposited $5500 into the bank account for a March sale and the monthly insurance premium of $9000 was automatically charged to the account. Interest of $600 was paid by the bank and a bank fee of $125 was charged to the account. A payment of $475 to a supplier has been recorded twice in the accounts. After the calculation of the "ending reconciled cash balance", what is the balance of the 'cash' account?

Reference no: EM132919033

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