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