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The following information is needed to reconcile the cash balance for Discount Dry Cleaning, Inc. * A deposit of $5,600 is in transit. * Outstanding
The following information is needed to reconcile the cash balance for Discount Dry Cleaning, Inc. * A deposit of $5,600 is in transit. * Outstanding checks total $1,300. * The book balance is $6,300 at February 28, 2019. * The bookkeeper recorded a $1,500 check as $17,200 in payment of the current month's rent. * The bank balance at February 28, 2019 was $16,820. * A deposit of $300 was credited by the bank for $3,000. * A customer's check for $3,500 was returned for nonsufficient funds. * The bank service charge is $80. What was the adjusted book balance? O A. $16,900 OB. $18,580 O c. $18,500 OD. $18,420
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