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Dance Town Academy
the Items Listed Below Were Identified While

Question 104

Multiple Choice

Dance Town Academy
The items listed below were identified while preparing a bank reconciliation for the company's chequing account as of March 31.
 Cash balance according to the general ledger ? Bank statement balance $18,500 Outstanding cheques 2,700 Customer’s bounced cheque 350 Bank service charges 100 Deposits in transit 1,000 Interest earned on the chequing account 60\begin{array}{lr}\text { Cash balance according to the general ledger } &?\\\text { Bank statement balance } & \$ 18,500 \\\text { Outstanding cheques } & 2,700\\ \text { Customer's bounced cheque } & 350 \\\text { Bank service charges } & 100 \\\text { Deposits in transit } & 1,000 \\\text { Interest earned on the chequing account } & 60\end{array}
-Refer to the figure Dance Town Academy.What is the amount of the company's adjusted cash balance?


A) $1,700
B) $15,800
C) $16,800
D) $20,200

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