B) $30,000 C) $25,000 D) $35,000 SHORT ANSWER. Write the word or phrase that best completes each statement or answers the 8) The following information is needed to reconcile the cash balance for Woods Paper Products. 8) A deposit of $5,794.62 is in transit. Outstanding checks total $1,533.25. The book balance is $5,695.62. The bookkeeper recorded a $1,524.00 check as $15,240 in payment of the current month's rent. The bank balance at February 28, 2008 was $16,500.25. A deposit of $300 was credited by the bank for $3,000. A customer's check for $1,280 was returned for nonsufficient funds. The bank service charge is $70. Based on this information, complete a bank reconciliation, in the format below, for Woods Paper Products as of February 28, 2013. BANK BOOK MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question, 9) D Lalannee What is the acid-test ratio? (Please round to two