While Preparing the February 28 Bank Reconciliation,the Accountant Identifies the Following

Multiple Choice

While preparing the February 28 bank reconciliation,the accountant identifies the following items: company's balance according to the general ledger,$23,100; outstanding cheques,$550; interest earned on the chequing account,$100; a customer's NSF cheque returned by the bank,$1,000.While preparing the reconciliation,the accountant discovers an error in recording a customer's cheque; the amount has been incorrectly recorded on the books as a cash receipt of $600,while the bank correctly has recorded the amount as $650.What is the company's adjusted cash balance on February 28?

A) $21,700
B) $22,150
C) $22,200
D) $22,250