The Following Information Is Available for Matt's Unlimited Company for the Current

question 166

Multiple Choice

The following information is available for Matt's Unlimited Company for the current month. What is the adjusted book balance on the bank reconciliation? $$\begin{array} { | l | r | } \hline\text { Book balance end of the month } & \$ 5,575 \\\hline \text { Outstanding checks } & 584 \\\hline \text { Deposits in transit } & 2,500 \\\hline \text { Service charges } & 75 \\\hline \text { Interest revenue } & 25 \\\hline\end{array}$$

• A)$7,466
• B)$5,500
• C)$5,550
• D)$5,525