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The Following Information Is Available for Jack's,Inc What Is the Adjusted Book Balance on the Bank Reconciliation

Question 16

Multiple Choice

The following information is available for Jack's,Inc.for the current month.  Book balance end of month $7,000 Outstanding checks 675 Deposits in transit 4,000 Service charges 80 Interest revenue 40\begin{array} { | l | r | } \hline \text { Book balance end of month } & \$ 7,000 \\\hline \text { Outstanding checks } & 675 \\\hline \text { Deposits in transit } & 4,000 \\\hline \text { Service charges } & 80 \\\hline \text { Interest revenue } & 40 \\\hline\end{array} What is the adjusted book balance on the bank reconciliation?


A) $10,205
B) $7,635
C) $6,880
D) $6,960

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