At May 31,Allegro Company Had a General Ledger Cash Balance

Multiple Choice

At May 31,Allegro Company had a general ledger cash balance of $7,400.At the end of May,the bank statement had a balance of $7,500.Deposits in transit amounted to $1,000 and there was a service charge of $10.Outstanding checks totaled $1,110.What is the correct amount of cash?

A) $7,390
B) $7,000
C) $6,390
D) $6,380