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67) The following information is needed to reconcile the cash balance for Discount Dry Cleaning, 67) Inc. .A deposit of $5,600 is in transit. .Outstanding

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67) The following information is needed to reconcile the cash balance for Discount Dry Cleaning, 67) Inc. .A deposit of $5,600 is in transit. .Outstanding checks total $1,300. The book balance is $6,300 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, 2019 was $17,930. . A deposit of $400 was credited by the bank for $4,000. .A customer's check for $3,400 was returned for nonsufficient funds. . The bank service charge is $70 What was the adjusted book balance? A) $18,770 B) $18,630 C) $18,700 D) $18,000 68) No journal entries are required for the reconciling items on the bank side because 68) A) those transactions have already been recorded in the company's journal B) those transactions are already included in the bank balance C) the adjusted balances on both sides are the same amounts D) the amounts are immaterial 69) Journal entries are required for the reconciling items on the book side because 69) A) the amounts are immaterial B) the adjusted balances on both sides are the same amounts C) those transactions have not yet been recorded by the bank D)

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