In Anticipation of Preparing the July Bank Reconciliation,the Accountant Gathered

Multiple Choice

In anticipation of preparing the July bank reconciliation,the accountant gathered the following information: $\begin{array}{l} \text { Bank statement balance } &\$ 4,300 \\ \text { Deposit in transit } &500 \\ \text { Outstanding checks } &300 \\ \text { Bank service charges } &10 \\ \text {Customer's NSF check returned by the bank } &50\end{array}$
What is the company's adjusted cash balance at July 31st?

A) $4,300
B) $4,050
C) $4,140
D) $4,500