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Taylor Corp ?? How Much Is Taylor's Adjusted Cash Balance on October

Question 3

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Taylor Corp.identified the following data in preparing a bank reconciliation on October 31, 2016.  Bank statement balance $29,600 Taylor’s book balance (before adjustments)  ? Outstanding checks 3,100 NSF checks 300 Service charges 200 Deposits in transit 2,200 Interest earned on checking account 100\begin{array} { l r } \text { Bank statement balance } & \$ 29,600 \\\text { Taylor's book balance (before adjustments) } & ? \\\text { Outstanding checks } & 3,100 \\\text { NSF checks } & 300 \\\text { Service charges } & 200 \\\text { Deposits in transit } & 2,200 \\\text { Interest earned on checking account } & 100\end{array} ?? How much is Taylor's adjusted cash balance on October 31, 2016?


A) $28,700
B) $29,100
C) $28,300
D) $29,600

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