Multiple Choice
The following information is needed to reconcile the cash balance for Johnson Catering Services. * A deposit of $5,800 is in transit.
* Outstanding checks total $1,000.
* The book balance is $6,000 at February 28, 2017.
* The bookkeeper recorded a $1,600 check as $17,100 in payment of the current month's rent.
* The bank balance at February 28, 2017 was $17,720.
* A deposit of $500 was credited by the bank for $5,000.
* A customer's check for $3,400 was returned for nonsufficient funds.
* The bank service charge is $80.
What was the adjusted book balance?
A) $18,100
B) $18,020
C) $18,180
D) $17,800
Correct Answer:

Verified
Correct Answer:
Verified
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