In preparing its August 31 2016 bank reconciliation Oakley Corp. has available the following information: $\begin{array}{lr}
\text { Balance per bank statement, } 8 / 31 / 16 & \$ 65,490 \
\text { Deposit in transit, } 8 / 31 / 16 & 10,170 \
\text { Return of customer's check not sufficient funds, } 8 / 30 / 16 & 1,800 \
\text { Outstanding checks, } 8 / 31 / 16 & 5,820 \
\text { Bank service charges for Auqust } & 350
\end{array}$ At August 31 2016 Oakley's adjusted cash balance is
A) $59670.
B) $59320.
C) $69840.
D) $61140.

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The Answer of In preparing its August 31 2016 bank reconciliation Oakley Corp. has available the following information: $\begin{array}{lr}
\text { Balance per bank statement, } 8 / 31 / 16 & \$ 65,490 \
\text { Deposit in transit, } 8 / 31 / 16 & 10,170 \
\text { Return of customer's check not sufficient funds, } 8 / 30 / 16 & 1,800 \
\text { Outstanding checks, } 8 / 31 / 16 & 5,820 \
\text { Bank service charges for Auqust } & 350
\end{array}$ At August 31 2016 Oakley's adjusted cash balance is
A) $59670.
B) $59320.
C) $69840.
D) $61140.

In Preparing Its August 31 2016 Bank Reconciliation Oakley Corp