Multiple Choice
The following information is needed to reconcile the cash balance for Gourmet Catering Services.
• A deposit of $5,600 is in transit.
• Outstanding checks total $1,000.
• The book balance is $6,400 at February 28, 2019.
• The bookkeeper recorded a $1,800 check as $17,200 in payment of the current month's rent.
• The bank balance at February 28, 2019 was $17,410.
• A deposit of $400 was credited by the bank for $4,000.
• A customer's check for $3,300 was returned for nonsufficient funds.
• The bank service charge is $90.
What was the adjusted book balance?
A) $18,500
B) $18,410
C) $18,590
D) $17,500
Correct Answer:

Verified
Correct Answer:
Verified
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