Question 33

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The cash account shows a balance of $85,000 before reconciliation. The bank statement does not include a deposit of $5,000 made on the last day of the month. The bank statement shows a collection by the bank of $2,400 and a customers check for $680 was returned because it was NSF. A customers check for $900 was recorded on the books as $1,080, and a check written for $138 was recorded as $183. The correct balance in the cash account was

Select one:

a. $86,540.

b. $87,400.

c. $86,785

d. $95,350

e. The answer does not exist