The Following Information Is Needed to Reconcile the Cash Balance $\$ 5,600$

question 235

Multiple Choice

The following information is needed to reconcile the cash balance for Discount Dry Cleaning Company. *A deposit of $\$ 5,600$ is in transit.
*Outstanding checks total $\$ 1,400$ .
*The book balance is $\$ 6,000$ at February 28,2019 .
*The bookkeeper recorded a $\$ 1,600$ check as $\$ 17,400$ in payment of the current month's rent
*The bank balance at February 28,2019 was $\$ 17,130$ .
*A deposit of $\$ 300$ was credited by the bank for $\$ 3,000$ .
*A customer's check for $\$ 3,100$ was returned for nonsufficient funds.
*The bank service charge is $\$ 70$ .
What was the adjusted book balance?

• A) $18,700
• B) $17,200
• C) $18,630
• D) $18,770

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