The Following Information Is Needed to Reconcile the Cash Balance

Multiple Choice

The following information is needed to reconcile the cash balance for Fire Steel Ltd:
? A deposit of $5500 is in transit.
? Outstanding cheques total $1500.
? The book balance is $6500 at 28 February 2017.
? The bookkeeper recorded a $1800 cheque as $17,100 in payment of the current month's rent.
? The bank balance at 28 February 2017 was $19,040.
? A deposit of $500 was credited by the bank for $5000.
? A dishonoured cheque from a customer for $3200 was returned by the bank.
? The bank service charge is $60.
What was the adjusted bank balance?

A) $19,100
B) $18,540
C) $18,660
D) $18,600