Figure D
in Anticipation of Preparing the July Bank Reconciliation

Multiple Choice

Figure D
In anticipation of preparing the July bank reconciliation, the accountant gathered the following information:
$\begin{array}{llr} \text { Bank statement balance} &\$4,300\\ \text { Deposit in transit } &500\\ \text {Outstanding cheques } &300\\ \text { Bank service charges } &10\\ \text {Customer's NSF cheque returned by the bank } &50\\\end{array}$

-Refer to Figure D.What is the company's adjusted cash balance at July 31?

A) $4,050
B) $4,140
C) $4,300
D) $4,500