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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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