8. RT Companys Cash account shows an ending balance of $1,850. The bank statement shows a $52 service charge and an NSF check for $280. Other records indicate that a $240 deposit is in transit, and outstanding checks total $535. What is RTs adjusted cash balance?

A.$1,223

B.$1,518

C.$1,555

D.$2,078

9. Which of the following bank reconciliation items is correctly described?

A.Deposits in transit increase the book side of the reconciliation.

B.NSF checks increase the book side of the reconciliation.

C.Outstanding checks decrease the bank side of the reconciliation.

D.Service charges decrease the bank side of the reconciliation.

10.Smith Automotive Parts had the following select financial data as of December 31, 2015:

Cash	$15,000
Cash Equivalents	3,000
Total Current Assets	40,000
Total Current Liabilities	30,000

What is Smiths cash ratio? (Round your answer if necessary.)

A.5.00

B.0.60

C.0.50

D.0.45