Q4:

In preparing its May 31, 2010 bank reconciliation, Catt Co. has the following information available:

Balance per bank statement, 5/31/10 $30,000

Deposit in transit, 5/31/10 5,400

Outstanding checks, 5/31/10 4,900

Note collected by bank in May 1,250

The correct balance of cash at May 31, 2010 is?

a.

$29,250.

b.

$30,500.

c.

$31,750.

d.

$35,400.