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The following information is needed to reconcile the cash balance for Discount Dry Cleaning, Inc. *A deposit of $5,800 is in transit. * Outstanding checks
The following information is needed to reconcile the cash balance for Discount Dry Cleaning, Inc. *A deposit of $5,800 is in transit. * Outstanding checks total $1,200 - The book balance is $6,000 at February 28, 2025 - The bookkeeper recorded a $1,500 check as $17,300 in payment of the current month's rent. - The bank balance at February 28, 2025 was $18,610 - A deposit of $500 was credited by the bank for $5,000 - A customer's check for $3,000 was returned for nonsufficient funds - The bank service charge is $90. What was the adjusted book balance? A. $18,710 B $18700 C. $18,800 D. $18,890
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