The May Bank Statement for Accounting Services Shows a Balance

question 72

Multiple Choice

The May bank statement for Accounting Services shows a balance of $6,200, but the balance per books shows a cash balance of $7,680. Other information includes: 1. A check for $190 to pay the electric bill was recorded on the books as $30.
2) Included on the bank statement was a note collected by the bank for $370 plus interest of $30.
3) Checks outstanding totaled $270.
4) Bank service charges were $50.
5) Deposits in transit were $1,880.
The adjusted cash balance at the end of May should be:

• A) $9,560.
• B) $7,590.
• C) $7,140.
• D) $7,810.