The Following Data Was Identified by Raines Corp -?What Is the Adjusted Cash Balance on October 31,2017?
A)$29,600

question 153

Multiple Choice

The following data was identified by Raines Corp.in preparation of its bank reconciliation on October 31,2017:
$$\begin{array} { l r } \text { Bank statement balance } & \$ 30,700 \\\text { Raines' book bal ance (before adjustments) } & ? \\\text { Outstanding checks } & 4,200 \\\text { NSF checks } & 400 \\\text { Service charge } & 300 \\\text { Deposits in transit } & 3,100 \\\text { Interest earned on checking account } & 100\end{array}$$
-?What is the adjusted cash balance on October 31,2017?

• A)$29,600
• B)$30,100
• C)$30,200
• D)$30,700

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