The Following Data Are Available for Dragon Boat Company for March

question 138

Multiple Choice

The following data are available for Dragon Boat Company for March: $$\begin{array} { | l | r | } \hline \text { Book balance, March } 31 & \$ 3,620 \\\hline \text { Service charges } & 50 \\\hline \text { Interest revenue } & 35 \\\hline \text { Note collected by bank } & 1,500 \\\hline \text { Cheque returned marked NSF } & 700 \\\hline\end{array}$$ What is Dragon's adjusted book balance on March 31 from the above data?

• A)$4,405
• B)$4,200
• C)$3,150
• D)$3,270