The Following Data Were Gathered to Use in Reconciling the Bank

question 49

Multiple Choice

The following data were gathered to use in reconciling the bank account of Savannah Company:? $$\begin{array} { | l | r | } \hline \text { Balance per bank } & \$ 16,750 \\\hline \text { Balance per company records } & 16,125 \\\hline \text { Bank service charges } & 80 \\\hline \text { Deposit in transit } & 2,195 \\\hline \text { NSF check } & 950 \\\hline \text { Outstanding checks } & 3,850 \\\hline\end{array}$$ What is the adjusted balance on the bank reconciliation?

• A) $14,470
• B) $10,705
• C) $15,095
• D) $15,720

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