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On June 30,a Company Had $1,924 in Its Cash Account

Question 78

Multiple Choice

On June 30,a company had $1,924 in its cash account according to its general ledger.This included a deposit of $174 that was in transit on June 30th.The June 30th bank statement contained the following information: Bank statement balance$2,178Bank service charge14Collection of notesreceivable136 NSF check 32\begin{array}{ll} \text {Bank statement balance} &\$ 2,178 \\ \text {Bank service charge} &14 \\ \text {Collection of notesreceivable} &136\\ \text { NSF check } &32\end{array}
Assuming outstanding checks of $338,what is the company's adjusted cash balance at June 30th?


A) $1,840
B) $1,880
C) $2,014
D) $2,178

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