Question
The following items appeared on the January 31 bank reconciliations for Shelly Company: Outstanding Checks: $100 NSF Check: $8 . Bank Service Charge: $6
The following items appeared on the January 31 bank reconciliations for Shelly Company: Outstanding Checks: $100 NSF Check: $8 . Bank Service Charge: $6 Deposit in Transit: $80 Error: Check written by Shelly for $548 was correctly recorded by Shelly, but recorded for $512 by the bank. Bank collection of Note Receivable for Shelly: $170 The unadjusted January 31 bank statement balance is $1,000. The adjusted cash balance for the January 31 balance sheet is: Oa. $944 Ob. $984 Oc. $1,016 Od. $1,114 e $1,056
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