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In the process of reconciling its bank statement for January, Maxi's Clothing's accountant compiles the following information: Cash balance per company books on January 30

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In the process of reconciling its bank statement for January, Maxi's Clothing's accountant compiles the following information: Cash balance per company books on January 30 Deposits in transit at month-end Outstanding checks at month-end Bank service charges EFT automatically deducted monthly, not yet recorded by Maxi An NSF check returned on a customer account $6,325 $2,120 $ 680 $ 41 $ 700 $ 425 The adjusted cash balance per the books on January 31 is: Multiple Choice 0 $7.279 0 0 $5,159 0 0

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