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The Following Data Are Available for Remas Designs for October

Question 153

Multiple Choice

The following data are available for Remas Designs for October:  Book balance, October 31$5,600 Outstanding cheques 584 Deposits in transit 2,500 Service charges 75 Interest revenue 25\begin{array} { | l | r | } \hline \text { Book balance, October } 31 & \$ 5,600 \\\hline \text { Outstanding cheques } & 584 \\\hline \text { Deposits in transit } & 2,500 \\\hline \text { Service charges } & 75 \\\hline \text { Interest revenue } & 25 \\\hline\end{array} What is the adjusted book balance on October 31 for Remas Designs based on the above data?


A) $5,500
B) $5,550
C) $7,466
D) $4,966

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