The Following Data Are Available for Matheson Avenue Retailers for April

question 115

Multiple Choice

The following data are available for Matheson Avenue Retailers for April: $$\begin{array} { | l | r | } \hline \text { Book balance, April } 30 & \$ 1,400 \\\hline \text { Service charges } & 20 \\\hline \text { Interest revenue } & 800 \\\hline \text { Note collected by bank } & 1,000 \\\hline \text { Cheque returned marked NSF } & 300 \\\hline\end{array}$$ What is Matheson's adjusted book balance on April 30 from the above data?

• A)$1,580
• B)$2,880
• C)$2,080
• D)$1,380

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