Bedford Market's Accountant Is Preparing Its May Bank Reconciliation and Has

Bedford Market's accountant is preparing its May bank reconciliation and has collected the following data: $\begin{array}{lll}&\text { Per Books }&\text { Per Bank }\\\text { May } 1 \text { balance } & \$ 11,600 & \$ 10,000 \\\text { May deposits } & 24,600 & 21,200 \\\text { May checks } & 27,800 & 29,000 \\\text { Note collected (includes 10\% interest) } & -- & 4,400 \\\text { May service charge } & -- & 20 \\\text { May 31 balance } & 8,400 & 6,580\end{array}$ Additionally, deposits in transit and outstanding checks from April's reconciliation were $4, 400 and $2, 800, respectively.
The correct balance for cash at May 31 should be

A) $10, 960
B) $12, 780
C) $11, 180
D) $13, 980