A company's bank statement showed an unadjusted balance of $1877. However, there are deposits in transit of $541 and outstanding checks of $832. What is the adjusted balance of the bank statement? Select one: a. $3250 b. $2418 c. $1586 d. $2168 A company recorded depreciation of a building for period used, $720. What effect will this have on the Cash account and Net Income? Select one: a. Cash: 0; Net Income: -720. b. Cash: -720; Net Income: -720. c. Cash: -720; Net Income: 0. d. Cash: 0; Net Income: 0