What was the adjusted book balance?
The following information is needed to reconcile the cash balance for Gourmet Catering Services.
* A deposit of $5,800 is in transit.
* Outstanding checks total $1,200.
* The book balance is $6,400 at February 28, 2019.
* The bookkeeper recorded a $1,700 check as $17,200 in payment of the current months rent.
* The bank balance at February 28, 2019 was $15,640.
* A deposit of $200 was credited by the bank for $2,000.
* A customers check for $3,400 was returned for nonsufficient funds.
* The bank service charge is $60.
A) $18,500
B) $18,440
C) $18,560
D) $15,700
B) $18,440
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