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The Following Information Is Available for Ellen's Fashions Company for the Current

Question 55

Multiple Choice

The following information is available for Ellen's Fashions Company for the current month.  Book balance end of month $7,000 Outstanding checks 725 Deposits in transit 4,000 Service charges 80 Interest revenue 45\begin{array} { | l | r | } \hline \text { Book balance end of month } & \$ 7,000 \\\hline \text { Outstanding checks } & 725 \\\hline \text { Deposits in transit } & 4,000 \\\hline \text { Service charges } & 80 \\\hline \text { Interest revenue } & 45 \\\hline\end{array} What is the adjusted book balance on the bank reconciliation?


A) $10,150
B) $7,690
C) $6,875
D) $6,965

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