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The Following Information Is Needed to Reconcile the Cash Balance $5,800 \$ 5,800

Question 100

Multiple Choice

The following information is needed to reconcile the cash balance for Gourmet Catering Services. *A deposit of $5,800 \$ 5,800 is in transit.
*Outstanding checks total $1,200 \$ 1,200 .
*The book balance is $6,400 \$ 6,400 at February 28,2019 .
*The bookkeeper recorded a $1,700 \$ 1,700 check as $17,200 \$ 17,200 in payment of the current month's rent
*The bank balance at February 28,2019 was $15,640 \$ 15,640 .
*A deposit of $200 \$ 200 was credited by the bank for $2,000 \$ 2,000
*A customer's check for $3,400 \$ 3,400 was returned for nonsufficient funds.
*The bank service charge is $60 \$ 60 .
What was the adjusted book balance?


A) $18,500
B) $18,440
C) $18,560
D) $15,700

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