The following information pertains to Grey Co. at December 31, Year 1: Checkbook balance | $12,000 | Bank statement balance | 16,000 | Check drawn on Grey's account, payable to a vendor, dated and recorded
12/31/Year 1 but not mailed until 1/10/Year 2 | 1,800 |
On Grey's December 31, Year 1, balance sheet, what amount should be reported as cash?
|
a. | $14,200 | |
b. | $16,000 | |
c. | $12,000 | |
d. | $13,800 |
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