$38)$

The following items appeared on the January $31$ bank reconciliations for Shelly Company:

Outstanding Checks: $$80$

NSF Check: $$6$

Bank Service Charge: $$8$

Deposit in Transit: $$100$

Error: Check written by Shelly for $$476$ was correctly recorded by Shelly, but recorded for $$512$ by the bank.

Bank collection of Note Receivable for Shelly: $$170$

The unadjusted January $31$ bank statement balance is $$1,000.$

The adjusted cash balance for the January $31$ balance sheet is:

Select one:

a$.$ $$984$

b$.$ $$1,016$

c$.$ $$1,020$

d$.$ $$1,248$

e$.$ $$1,056$

$39)$

Which item would be included in the Cash line item on the balance sheet?

Select one:

a$.$ Liquid investments with maturity of $365$ days or less

b$.$ Postdated checks written to vendors

c$.$ NSF checks from customers

d$.$ Cash restricted as a compensating balance