The Following Information Is Needed to Reconcile the Cash Balance

Multiple Choice

The following information is needed to reconcile the cash balance for Discount Dry Cleaning, Inc.
• A deposit of $5,600 is in transit.
• Outstanding checks total $1,300.
• The book balance is $6,300 at February 28, 2019.
• The bookkeeper recorded a $1,600 check as $17,400 in payment of the current month's rent.
• The bank balance at February 28, 2019 was $17,930.
• A deposit of $400 was credited by the bank for $4,000.
• A customer's check for $3,400 was returned for nonsufficient funds.
• The bank service charge is $70.
What was the adjusted book balance?

A) $18,700
B) $18,000
C) $18,630
D) $18,770