Ginko Inc. is a Japanese firm located in Sapporo. In preparing its bank reconciliation for the month of April 2018, the firm has available the following information.

Deposits in transit, 4/30/18 JPY 10,000,000

Outstanding checks, 4/30/18 JPY 10,400,000

NSF check returned with 4/30/18 bank statement JPY 940,000

Bank service charges for April JPY 60,000

Balance per bank statement, 4/30/18 JPY 78,600,000

Calculate the adjusted cash balance at April 30, 2018!

a. JPY 78,020,000.

b. JPY 77,260,000.

c. JPY 78,200,000.

d. JPY 77,600,000.