Choose one and explain:

The May bank statement for Paralegal Services shows a balance of $6,300, but the balance per books shows a cash balance of $7,980. Other information includes

1. A cheque for $200 to pay the electric bill was recorded on the books as $20.

2. Included on the bank statement was a note collected by the bank for $300 plus interest of $30

3. Cheques outstanding totaled $360.

4. Bank service charges were $50.

5. Deposits in transit were $2,140.

The adjusted cash balance at the end of August should be

A) $9,810.

B) $7,620.

C) $7,980.

D) $8,080.