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In preparing its August 31, 2016 bank reconciliation, Oakley Corp. has available the following information: Balance per bank statement, 8/31/16 $65,490 Deposit in transit, 8/31/16
In preparing its August 31, 2016 bank reconciliation, Oakley Corp. has available the following information: Balance per bank statement, 8/31/16 $65,490 Deposit in transit, 8/31/16 10,170 Return of customer's check not sufficient funds, 8/30/16 1,800 Outstanding checks, 8/31/16 5,820 Bank service charges for August 350 At August 31, 2016, Oakley's adjusted cash balance is Select one: a. $69,840. b. $59,320 c. $61,140. d. $59,670
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