The following items appeared on the January 31 bank reconciliations for Hagood Company:

• Outstanding Checks: $100
• NSF Check: $40
• Bank Service Charge: $4
• Deposit in Transit: $80
• Error: Check written by Hagood for $440 was correctly paid by the bank, but recorded for $404 by Hagood.
• Bank collection of Note Receivable for Hagood: $170

The unadjusted balance per the January 31 bank statement is $1,000.

The adjusted cash balance for the January 31 balance sheet is:

Select one:

a.$944

b.$1,052

c.$1,020

d.$972

e.$980

My Answer is E am I correct?