The following information is needed to reconcile the cash balance for Johnson Catering Services. • A deposit of $5,800 is in transit.
• Outstanding checks total $1,100.
• The book balance is $6,000 at February 28,2017.
• The bookkeeper recorded a $1,700 check as $17,300 in payment of the current month's rent.
• The bank balance at February 28,2017 was $17,230.
• A deposit of $400 was credited by the bank for $4,000.
• A customer's check for $3,200 was returned for nonsufficient funds.
• The bank service charge is $70.
What was the adjusted book balance?
A) $18,400
B) $18,330
C) $18,470
D) $17,300
Correct Answer:
Verified
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