Question 34

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In preparing its August 31, 2016 bank reconciliation, Oakley Corp. has available the following information:

Balance per bank statement, 8/31/16 $65,490

Deposit in transit, 8/31/16 10,170

Return of customers check not sufficient funds, 8/30/16 1,800

Outstanding checks, 8/31/16 5,820

Bank service charges for August 350

At August 31, 2016, Oakleys adjusted cash balance is

Select one:

a. The answer does not exist

b. $69,8400.

c. $61,1400

d. $59,670

e. $59,320.