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The following information is needed to reconcile the cash balance for Discount Dry Cleaning Company. A deposit of $5600 is in transit. Outstanding checks
The following information is needed to reconcile the cash balance for Discount Dry Cleaning Company. A deposit of $5600 is in transit. Outstanding checks total $1400. The book balance is $6000 at February 28, 2019. The bookkeeper recorded a $1600 check as $17,400 in payment of the current month's rent. The bank balance at February 28, 2019 was $17,130. A deposit of $300 was credited by the bank for $3000. A customer's check for $3100 was returned for nonsufficient funds. The bank service charge is $70. What was the adjusted book balance? $17,200 $18,630 O $18,770 O $18,700
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