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Martin is looking over his company's bank statement dated January 31. He notes that the bank service charge for the month is $18, while the
Martin is looking over his company's bank statement dated January 31. He notes that the bank service charge for the month is $18, while the credit memo for an electronic funds transfer is $80. The bank balance is $1,650, but there is still $527 worth of deposits in transit at the end of the month. The outstanding checks amount to $430. On January 31, the adjusted cash balance is O $1,650. O $1,747. O $1,660. O $1,748
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