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Egrane, Incorporated's monthly bank statement showed the ending balance of cash of $19,000. The bank reconciliation for the period showed an adjustment for a deposit
Egrane, Incorporated's monthly bank statement showed the ending balance of cash of $19,000. The bank reconciliation for the period showed an adjustment for a deposit in transit of $1,750, outstanding checks of $2,500, an NSF check of $1,200, bank service charges of $55 and the EFT from a customer in payment of the customer's account of $2,000.
What is the up-to-date ending Cash balance?
Multiple Choice
$17,505
$19,750
$18,250
$21,395
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