The following information pertains to the Patel company

Cash balance per bank statement $31,000

Cash balance per general ledger 29,340

Bank service charge 100

Deposits in transit to bank 1,500

Outstanding checks 3,940

NSF check returned by bank 680

Patel should show the following reconciled cash balance from the bank reconciliation on its balance sheet:

a. $28,560

b. $29,240

c. $32,500

d. $26,660