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Border Company's cash account had a balance of $962 on August 31. This included a bank deposit of $87 that was in transit on the

Border Company's cash account had a balance of $962 on August 31. This included a bank deposit of $87 that was in transit on the 31st. The August 31 bank statement contained the following information:

Bank Statement Balance $1,089
NSF check 16
Bank Service Charge 7
Collection of notes receivable 68

Border also had checks outstanding of $169. What is Border's adjusted cash balance at August 31?

a. $1,089
b. $940
c. $920
d. $1,007

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