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The Following Information Is Needed to Reconcile the Cash Balance $5,600 \$ 5,600

Question 218

Multiple Choice

The following information is needed to reconcile the cash balance for Discount Dry Cleaning Company. *A deposit of $5,600 \$ 5,600 is in transit.
*Outstanding checks total $1,400 \$ 1,400 .
*The book balance is $6,000 \$ 6,000 at February 28,2019 .
*The bookkeeper recorded a $1,600 \$ 1,600 check as $17,400 \$ 17,400 in payment of the current month's rent
*The bank balance at February 28,2019 was $17,130 \$ 17,130 .
*A deposit of $300 \$ 300 was credited by the bank for $3,000 \$ 3,000 .
*A customer's check for $3,100 \$ 3,100 was returned for nonsufficient funds.
*The bank service charge is $70 \$ 70 .
What was the adjusted book balance?


A) $18,700
B) $17,200
C) $18,630
D) $18,770

Correct Answer:

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