The following information is needed to reconcile the cash balance for Baker's Dry Cleaning, Inc
" ¢ A deposit of $5,700 is in transit.
" ¢ Outstanding checks total $1,300.
" ¢ The book balance is $6,400 at February 28, 2017
• The bookkeeper recorded a $1,500 check as $17,300 in payment of the current month's rent.
• The bank balance at February 28, 2017 was $16,930.
• A deposit of $300 was credited by the bank for $3,000.
• A customer's check for $3,500 was returned for nonsufficient funds.
• The bank service charge is $70.
What was the adjusted book balance?
A) $18,700
B) $17,000
C) $18,630
D) $18,770
C .Adjusted book balance = $6,400 + $15,800 - $3,500 - $70 = $18,630
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