Navarro Company's Cash account shows an ending balance of ($ 770). The bank statement shows a ($

Question:

Navarro Company's Cash account shows an ending balance of $\$ 770$. The bank statement shows a $\$ 20$ service charge and an NSF check for $\$ 100$. A $\$ 250$ deposit is in transit, and outstanding checks total $\$ 400$. What is Navarro's adjusted cash balance?

a. $\$ 530$

b. $\$ 650$

c. $\$ 680$

d. $\$ 1,050$

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