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Xavier, Inc.'s monthly bank statement showed the ending balance of cash of $20,400. The bank reconciliation for the period showed an adjustment for deposit in
Xavier, Inc.'s monthly bank statement showed the ending balance of cash of $20,400. The bank reconciliation for the period showed an adjustment for deposit in transit of $2,450, outstanding checks of $3,900, a NSF check of $2,600, bank service charges of $125 and the EFT from a customer in payment of the customer's account of $3,400. What is the up-to-date ending Cash balance? Multiple Choice $21,850 $18,950 $18,275 $24,825
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