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Rainey Company's true cash balance at October 31 is $6,680. The following information is available for the bank reconciliation: Outstanding checks, $1,010 . Deposits
Rainey Company's true cash balance at October 31 is $6,680. The following information is available for the bank reconciliation: Outstanding checks, $1,010 . Deposits in transit, $670 Bank service charges, $130 The bank had collected an account receivable for Rainey Company, $1,400 The bank statement included an NSF check written by one of Rainey's customers for $840 Based on this information Rainey's unadjusted book balance at October 31 is: Multiple Choice $6,250 $7,650
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