The Following Data Are Available for Remas Designs for October

question 153

Multiple Choice

The following data are available for Remas Designs for October: $$\begin{array} { | l | r | } \hline \text { Book balance, October } 31 & \$ 5,600 \\\hline \text { Outstanding cheques } & 584 \\\hline \text { Deposits in transit } & 2,500 \\\hline \text { Service charges } & 75 \\\hline \text { Interest revenue } & 25 \\\hline\end{array}$$ What is the adjusted book balance on October 31 for Remas Designs based on the above data?

• A)$5,500
• B)$5,550
• C)$7,466
• D)$4,966