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The following information is needed to reconcile the cash balance for Baker's Dry Cleaning, Inc. A deposit of $5,500 is in transit. Outstanding checks total
The following information is needed to reconcile the cash balance for Baker's Dry Cleaning, Inc. A deposit of $5,500 is in transit. Outstanding checks total $1,300. The book balance is $6,100 at February 28, 2017. The bookkeeper recorded a $1,700 check as $17,000 in payment of the current month's rent. The bank balance at February 28, 2017 was $17,540. A deposit of $400 was credited by the bank for $4,000. A customer's check for $3,200 was returned for nonsufficient funds. The bank service charge is $60. What was the adjusted book balance? A. $18,140 B. $18,260 C. $17,600 D. $18,200
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