In preparing its June 30, 2016 bank reconciliation, a company has available the following information: Balance per bank statement, June 30 $55,300 Deposit in transit, June 30 7,800 Return of customer's check not sufficient funds 1,200 Outstanding checks as of June 30 5,500 Bank service charges for June 350 As of June 30, the company's adjusted cash balance is: Select one: A. $44,400 B. $41,000 C. $44,200 D. $57,600