While preparing the February 28th bank reconciliation for the checking account for Willow, Inc, the accountant identified the following items: Balance per Willow's company records $46,200 Outstanding checks 1,100 Interest earned on the checking account 50 A customer's NSF check returned by the bank 500 In addition, Willow made an error in recording a customer's check; the amount was recorded in
cash receipts as $150, while the bank correctly recorded the amount as $510. What amount will Willow report as its actual cash balance on February 28th?
A) $44,650
B) $45,890
C) $46,110
D) $46,250
C
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