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46) The following information is needed to reconcile the cash balance for Discount Dry Cleaning Company. * A deposit of $5,600 is in transit. *
46) The following information is needed to reconcile the cash balance for Discount Dry Cleaning Company. * A deposit of $5,600 is in transit. * Outstanding checks total $1,400. ** The book balance is $6,000 at February 28, 2019. ** The bookkeeper recorded a $1,600 check as $17,400 in payment of the current month's rent. The bank balance at February 28, 2010 was $17,130. * A deposit of $300 was credited by the bank for $3,000. A customer's check for $3,100 was returned for nonsufficient funds. * The bank service charge is $70. What was the adjusted book balance? A) $18,700 C) $18,630 E) none of the above B) $17,200 D) $18,770
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