QUESTION 2 The cash account of Underwater Fire Protection Services, Inc. contains a balance of $38,000 before reconciliation. The bank statement does not include a deposit of $2,300 made on the last day of the month. However, the bank statement contains the collection of a customer's note by the bank of $940, and the rejection of a customer's check for $220 where the account contains insufficient funds. An unhappy employee records a customer's check for $540, which clears the bank for $450. Finally, another unhappy employee records a disbursement/check to a vendor as $97, and clears the bank for $79. The adjusted balance for the cash account is A. $38,612 B. $38,648 C. $38,828 D. 540,948 E. None of the above