Agnes Has a Checking Account and She Has Just Received

question 5

Multiple Choice

Agnes has a checking account and she has just received her March bank statement that shows an ending balance of $250.Agnes' records indicate an ending balance of $220.In looking over the data you notice that two checks Agnes wrote totaling $75 had not yet cleared the bank,while a deposit for $40 that she mailed had not been received by the bank.There also was a $5 bank service charge.To adjust her records,Agnes should

• A)reduce her book balance by $5.
• B)increase the bank balance by $40.
• C)call the bank and tell them that their balance is incorrect.
• D)do nothing,everything seems in good order.