Realistic Sound's unadjusted bank balance amounted to $3,000.Outstanding checks amounted to $500 and deposits in transit totaled $300.Based on this information alone,Realistic's adjusted cash balance is
A)$3,200.
B)$3,300.
C)$2,800.
D)$2,700.

Question

Quizplus · Accepted Answer

The adjusted cash balance is calculated by subtracting the outstanding checks ($500) from the unadjusted bank balance ($3,000) and adding the deposits in transit ($300), resulting in $2,800.

Realistic Sound's Unadjusted Bank Balance Amounted to $3,000