The Following Information Is Needed to Reconcile the Cash Balance $\$ 5,800$

question 100

Multiple Choice

The following information is needed to reconcile the cash balance for Gourmet Catering Services. *A deposit of $\$ 5,800$ is in transit.
*Outstanding checks total $\$ 1,200$ .
*The book balance is $\$ 6,400$ at February 28,2019 .
*The bookkeeper recorded a $\$ 1,700$ check as $\$ 17,200$ in payment of the current month's rent
*The bank balance at February 28,2019 was $\$ 15,640$ .
*A deposit of $\$ 200$ was credited by the bank for $\$ 2,000$
*A customer's check for $\$ 3,400$ was returned for nonsufficient funds.
*The bank service charge is $\$ 60$ .
What was the adjusted book balance?

• A) $18,500
• B) $18,440
• C) $18,560
• D) $15,700

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