Taylor Corp ?? How Much Is Taylor's Adjusted Cash Balance on October

question 3

Multiple Choice

Taylor Corp.identified the following data in preparing a bank reconciliation on October 31, 2016. $$\begin{array} { l r } \text { Bank statement balance } & \$ 29,600 \\\text { Taylor's book balance (before adjustments) } & ? \\\text { Outstanding checks } & 3,100 \\\text { NSF checks } & 300 \\\text { Service charges } & 200 \\\text { Deposits in transit } & 2,200 \\\text { Interest earned on checking account } & 100\end{array}$$ ?? How much is Taylor's adjusted cash balance on October 31, 2016?

• A) $28,700
• B) $29,100
• C) $28,300
• D) $29,600

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