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Wilson Company gathered the following reconciling information in preparing its August bank reconciliation: Cash balance per books, 8/31 $7,000 Deposits in transit 300 Notes receivable

Wilson Company gathered the following reconciling information in preparing its August bank reconciliation: Cash balance per books, 8/31 $7,000 Deposits in transit 300 Notes receivable and interest collected by bank 1,700 Bank charge for check printing 40 Outstanding checks 4,000 NSF check 340 The adjusted cash balance per books on August 31 is a. $8,320. b. $8,020. c. $4,620. d. $4,920.

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