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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 $1,400. * The book balance is $6,000 at February 28, 2019. * The bookkeeper recorded a $1,500 check as $17,300 in payment of the current month's rent. * The bank balance at February 28, 2019 was $18,830. * A deposit of $500 was credited by the bank for $5,000. * A customer's check for $3,200 was returned for nonsufficient funds. * The bank service charge is $70. What was the adjusted book balance? O A. $18,530 O B. $18,670 O C. $18,900 OD. $18,600
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