Gentech Corp.prepared a bank reconciliation as of June 30,2014.The following items were identified: Gentech's adjusted cash balance at June 30,2014 is

Question

Gentech Corp.prepared a bank reconciliation as of June 30,2014.The following items were identified:  Gentech's adjusted cash balance at June 30,2014 is

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Based on the information provided, Gentech's book balance is $14,000 and the bank balance is $14,300. After reconciling the items identified, the adjusted cash balance at June 30, 2014 is the book balance ($14,000) plus the deposits in transit ($1,200) minus the outstanding checks ($200) which equals $13,800. Therefore, the correct answer is (C) $14,000.