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Rainey Company's True Cash Balance at October 31 Is $4,920

Question 53

Multiple Choice

Rainey Company's true cash balance at October 31 is $4,920. The following information is available for the bank reconciliation:Outstanding checks, $770Deposits in transit, $550Bank service charges, $110The bank had collected an account receivable for Rainey Company, $1,200The bank statement included a NSF check written by one of Ramsey's customers for $720.What was the unadjusted book balance at October 31?


A) $5,140
B) $5,750
C) $4,550
D) $4,660

Correct Answer:

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