What is the balance of the cash account

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Problem - 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 $15000, and the bank statement shows a closing balance of $13000. On reviewing the bank statement it is found an account customer has deposited $2000 into the bank account for a March sale and the monthly insurance premium of $5000 was automatically charged to the account. Interest of $500 was paid by the bank and a bank fee of $50 was charged to the account. A payment of $1500 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: EM132933493

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