Carla Company's Cash Balance at the End of the Month

question 20

Multiple Choice

Carla Company's cash balance at the end of the month was $6,500. After comparing the company's records with the monthly bank statement, Carla's accountant identified the following reconciling items: outstanding checks, $800; deposits in transit, $700; bank service charge, $30; NSF check, $500. What is the adjusted bank balance?

• A)$6,600
• B)$5,970
• C)$6,370
• D)The adjusted bank balance cannot be determined from this information.

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