Information to Calculate the Adjusted Cash Balance for Fran's Food

Multiple Choice

Information to calculate the adjusted cash balance for Fran's Food Services is as follows: Cash balance per general ledger $2,000
Customer's cheque returned--NSF 75
Bank service charges 40
Deposits in transit 500
Outstanding cheques 700
Customer's note collected by bank 645

A) $2,330
B) $2,430
C) $2,530
D) $2,630