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ABC Corporation had deposit in transit $600 and outstanding cheques totalling $1,200 on its April bank reconciliation. The per bank balance as of May 31,
ABC Corporation had deposit in transit $600 and outstanding cheques totalling $1,200 on its April bank reconciliation. The per bank balance as of May 31, 2021 is $6670. The bank statement shows a total cash deposits in $3000 and total cash withdrawal $3200. ABC's books show a total cash deposit of $4,200 and a total cash withdrawal of $3900. What's the adjusted balance per bank statement on May 31, 2021? O a. None of the other alternatives is correct O b. $7170 O c. $6170 O d. $6570 O e. $5570
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