Delco ConstructionThe following items relate to the company's March bank reconciliation:
Bank statement balance$29,600
Unadjusted cash balance according to company records?
Deposit in transit2,200
Outstanding checks3,100
Bank service charges200
Interest earned on the bank account100
Customer's NSF check returned by the bank300
Refer to the information provided for Delco Construction. What is the company's adjusted cash balance at March 31st?
A. $28,700
B. $29,100
C. $28,300
D. $29,600
Answer: A
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