The following information is needed to reconcile the cash balance for Woods Paper Products. A deposit of $14,938.88 is in transit. Outstanding cheques total $1,533.25. The book balance is $5,695.62. The bookkeeper recorded a $1,524.00 cheque as $15,240 in payment of the current month's rent The bank balance at February 28, 2008 was $16,500.25. A deposit of $300 was credited by the bank for $3,000. A customer's cheque for $1,280 was returned for non-sufficient funds. The bank service charge is $70. . O A. $18,061.62 B. $14,938.88 C. $6,742.38 OD. $9,355.63