The following information is available for ACCT 201 Co. for June 30, 2021: The General Ledger cash account The bank statement balance is $7,000. balance is $5,322 Deposits in transit are Outstanding checks totaled $1,500. $500. Note Collection by bank, $650 The bank service charge is $22. plus $50 interest income. The amount of the adjusted cash balance per the bank statement and the adjusted cash balance per the company's records are: A. Adjusted Bank = $10,200; Adjusted Cash balance per books = $ 10,200 B. Adjusted Bank = $6,000; Adjusted Cash balance per books = $ 6,000 C. Adjusted Bank = $10,200; Adjusted Cash balance per books = $5,322 D. Adjusted Bank = $7,000; Adjusted Cash balance per books = $4,300 E. None of the above. Generally, the most efficient and effective sign of managing inventory is: A. a high inventory turnover and low # of days sales in inventory B. a low inventory turnover and high # of days sales in inventory C. a low inventory turnover and low # days sales in inventory D. a high inventory turnover and high # days sales in inventory E. None of the above. The ratio of cash to monthly cash expenses is useful for: A. calculating a company's current ratio. B. preparation of a company's cash flow statement C. calculating net income using a multiple step format. D. assessing how long a company can continue to operate without additional financing or operating cash flows. E. all of the above. F. None of the above. The asset turnover ratio: A. is sometimes called the 'ratio of sales to assets! B. measures how effectively a business is using its assets to generate sales. C. indicates an effective use of assets if the ratio is high. D. indicates a favorable trend if it increases from one year to the next. E. All of the above are correct. F. None of the above are correct