The following information pertains to Honeybee Co. at December 31, 2014
|
Bank statement balance |
$40,000 |
|
Checkbook balance |
56,400 |
|
Deposits in transit |
20,000 |
|
Outstanding checks |
4,000 |
|
Bank service charges for December |
400 |
In Honeybee”s balance sheet at December 31, 2014 cash should be reported as:
- $36,000.
- $40,000.
- $56,000.
- $60,000.