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#10. The following is needed to reconcile the crash for Woods Paper Products. A deposit of $5,794.62 is transit. Outstanding checks total $1,533.25 The book
#10. The following is needed to reconcile the crash for Woods Paper Products. A deposit of $5,794.62 is transit. Outstanding checks total $1,533.25 The book balance is $5,695.62 The bookeeper recorded a $1,524.00 check as $15,240 in payment of the current months rent. The bank balance at February 28,2008 was $16,500.25 A deposit of $300 was credited by the bank for $3,000 A customers check for $1,280 was returned for nonsufficient funds The bank service charge is $70. What was the adjusted book balance? A. $18,061.62 B. 10,140.24 C. 6,670.38 D. 20,761.62
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