Multiple Choice
On October 31,2007,the bank's records say that your company has $12,956.73 in its chequing account.You are aware of three outstanding cheques for a total of $2,112.19.During October 2007,the bank rejected two deposited cheques from customers totalling $654.19 because of insufficient funds and charged you $12.00 in service fees.You had not yet received notice about the bad cheques,but you were aware of and have recorded the $12.00 of service fees.Prior to adjustment on October 31,2007,your Cash account would have a balance of:
A) $14,402.73.
B) $15,711.11.
C) $11,498.73.
D) $10,202.35.
Correct Answer:

Verified
Correct Answer:
Verified
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