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The following information was established while reconciling the bank statement: *Deposits in transit amounted to $6,700 *Bank charges amounted to $75 *A $250 check deposited
The following information was established while reconciling the bank statement:
*Deposits in transit amounted to $6,700
*Bank charges amounted to $75
*A $250 check deposited in the bank was refunded marked NSF
*Checks outstanding amounted to $3,300
Assuming there are the only adjustments in the bank reconciliation, what is the net (total) adjustments to the balance per books? (Ignore whether the net adjustment is plus or minus).
A. $10,325
B. $6,700
C. $3,400
D. $325
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