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Claytor Company deposits all cash receipts on the day they are received and makes all cash payments by check. At the close of business on

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Claytor Company deposits all cash receipts on the day they are received and makes all cash payments by check. At the close of business on May 31, its Cash account shows a debit balance of $18,525. Clayboms Maybank statement shows $17000 on deposit in the bank Determine the adjusted cash balance using the following information: Deposit in tranet outstanding checks Bank service tees, not yet recorded by company NSP check from a customer, not yet recorded by the company $5,650 34,900 $ 40 $ 735 The adjusted cash balance should be Multine Choice 512100 317.775 $22.650 The adjusted cash balance should be: Multiple Choice O $12,100 $17,775 $22,650 $18,485 $17.750

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