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Meredith Company gathered the following reconciling information in preparing its May bank reconciliation: Cash balance per books, 5/31 $4,500 Deposits in transit 375 Notes receivable
Meredith Company gathered the following reconciling information in preparing its May bank reconciliation:
Cash balance per books, 5/31
$4,500
Deposits in transit
375
Notes receivable and interest collected by bank
650
Bank charge for check printing
40
Outstanding checks
2,400
NSF check
140
The adjusted cash balance per books on May 31 is
A. $4,970
B. $5,120
C. $8,105
D. $3,295
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