In the Process of Reconciling Its Bank Statement for January,Maxi's

question 99

Multiple Choice

In the process of reconciling its bank statement for January,Maxi's Clothing's accountant compiles the following information:
$$\begin{array} { | l | r | } \hline \text { Cash balance per company books on January 30 } & \$ 4,725 \\\hline \text { Deposits in transit at month-end } & \$ 1,800 \\\hline \text { Outstanding checks at month-end } & \$ 520 \\\hline \text { Bank service charges } & \$ 25 \\\hline \text { EFT automatically deducted monthly, not yet recorded by Maxi } & \$ 380 \\\hline \text { An NSF check returned on a customer account } & \$ 265 \\\hline\end{array}$$
The adjusted cash balance per the books on January 31 is:

• A) $5,855
• B) $5,335
• C) $4,055
• D) $4,815
• E) $4,585

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