In preparing its bank reconciliation for the month of February, Vance Company has available the following information: Balance per bank statement, February 28 ................. $18,025 Deposit in transit, February 28 ......................... 3,125 Outstanding checks, February 28 ......................... 2,875 Check erroneously deducted by bank from Vance's account, February 1
........................................... 125 Bank service charges for February ....................... 25 What is the corrected cash balance at February 28?
a. $18,125
b. $18,150
c. $18,275
d. $18,400
D
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