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On June 30, a Company Had $1,924 in Its Cash

Question 153

Multiple Choice

On June 30, a company had $1,924 in its cash account according to its general ledger. This included a deposit of $174 that was in transit on June 30th. The June 30th bank statement contained the following information: On June 30, a company had $1,924 in its cash account according to its general ledger. This included a deposit of $174 that was in transit on June 30th. The June 30th bank statement contained the following information:   Assuming outstanding checks of $338, what is the company's adjusted cash balance at June 30th? A) $1,840 B) $1,880 C) $2,014 D) $2,178
Assuming outstanding checks of $338, what is the company's adjusted cash balance at June 30th?


A) $1,840
B) $1,880
C) $2,014
D) $2,178

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