Taylor Corp What Is the Net Amount of the Adjustments to Taylor's

question 69

Multiple Choice

Taylor Corp.identified the following data in preparing a bank reconciliation on October 31,2017. ??
$$\begin{array} { l r } \text { Bank statement balance } & \$ 29,600 \\\text { Taylor's book balance (before adjustments) } & ? \\\text { Outstanding checks } & 3,100 \\\text { NSF check } & 300 \\\text { Serwice charge } & 200 \\\text { Deposits in transit } & 2,200 \\\text { Interest earned on checking account } & 100\end{array}$$ What is the net amount of the adjustments to Taylor's cash balance as a result of the bank reconciliation?

• A)No amounts need to be recorded.
• B)$400 increase
• C)$400 decrease
• D)$900 decrease

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