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In the process of reconciling its bank statement for January, Maxi's Clothing's accountant compiles the following information: Cash balance per company books on January 30
In the process of reconciling its bank statement for January, Maxi's Clothing's accountant compiles the following information: Cash balance per company books on January 30 Deposits in transit at month-end Outstanding checks at month-end Bank service charges EFT automatically deducted monthly, not yet recorded by Maxi An NSF check returned on a customer account $6,525 $2,160 $ 700 $ 43 $ 740 $ 445 The adjusted cash balance per the books on January 31 is: Multiple Choice O $6,757 o $6,863 $6,863 $5,297
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