Marjorie Company's cash balance per the books at the end of the month was $7,200. After comparing the company's records with the monthly bank statement, Marjorie's accountant identified the following reconciling items: outstanding checks, $800; deposits in transit, $700; bank service charge, $10; and NSF check, $500. The bank collection of a note receivable was $1,400 plus interest of $130. There also was an EFT payment of $140. What is the adjusted book balance at the end of the month? OA. $8,090 B. $8,080 OC. $7,100 D. $8,220 ...

Marjorie Company's cash balance per the books at the end of the month was $7,200. After comparing the company's records with the monthly bank statement, Marjorie's accountant identified the following rectonciling items: outstanding checks, $800; deposits in transit, $700; bank service charge, $10; and NSF check, $500. The bank collection of a note receivable was $1,400 plus interest of $130. There also was an EFT payment of $140. What is the adjusted book balance at the end of the month? A. $8,090 B. $8,080 C. $7,100 D. $8,220