Clayborn Company' bank reconciliation as of May 31 is shown below. Bank balance$15,800 Book balance$17,025 + Deposit in transit 5,200 Bank service fees -25 - Outstanding checks -4,600 NSF returned -600 Adjusted bank balance$16,400 Adjusted book balance$16,400 One of the adjusting journal entries that Clayborn must record as a result of the bank reconciliation includes:
A. A credit to Cash of $600
B. A debit to Cash of $625
C. A credit to Cash of $4,600
D. A debit to cash of $25
E. A debit to Cash of $5,200
Answer: A
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