Question 25 The following data were accumulated for use in reconciling the bank account of Rae Co. for March 2014 i. The cash balance on the company's books at March 31 was $26,745. ii. The cash balance according to the bank statement on March 31 was $26,525. iii. Outstanding checks totaled $11.600 iv Deposit in transit were $12,400 v A check written by Rae to a vendor for $470 was accidentally recorded by Rae in its book as $740. vi. The bank statement showed a debit for fees for the month of $240. The adjusted bank balance on Rae's bank reconciliation would be? 1. $28,425 2, $26,825 3, $28,155 4. $27,915