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A bank statement shows a balance of $7,605 at June 30. A bank reconciliation is prepared and includes outstanding checks of $2,790, deposits in transit
A bank statement shows a balance of $7,605 at June 30. A bank reconciliation is prepared and includes outstanding checks of $2,790, deposits in transit of $1,350, and a bank service charge of $30. Among the paid checks returned by the bank was check no. 900 in the amount of $600, which the company had erroneously recorded in the accounting records as $60. The "adjusted cash balance" at June 30 is: Select one: O a $6,165 O b. $7,005 O c. $6,025 O d. $7,845
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