Egrane, Inc.'s monthly bank statement showed the ending balance of cash of $14,800. The bank reconciliation for the period showed an adjustment for a deposit in transit of $1,200, outstanding checks of $1,600, a NSF check of $560, bank service charges of $24 and the EFT from a customer in payment of the customer's account of $1,200.What was the cash balance on the Egrane's books (before the adjustments for items on the bank reconciliation)?
A. $13,784
B. $14,400
C. $15,200
D. $16,216
Answer: A
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