Greece, Inc.s June bank statement show a June 30 balance of $36,200. Prior to reconciliation, its books show a cash balance of $36,840. The information below pertains to Greece:

Deposits in transit $2,800

Checks outstanding 1,920

Bank service charges 80

Error in Greeces records overstating cash disbursement 360

Check of another company charged erroneously against

Greece, Inc.s bank account 1,000

Bank statement shows bank collected a note receivable and

Interest income for Greece, Inc. 960

The reconciled cash balance at June 30 on the bank reconciliation should be:

a, $40,400

b. $38,080

c. $37,360

d. $37,080