In the process of reconciling its bank statement for January, Maxi's Clothing's accountant compiles the following information: Cash balance per company books on January 31$4,725Deposits in transit at month-end$1,800Outstanding checks at month-end$520Bank service charges$25EFT automatically deducted monthly, not yet recorded by Maxi$380An NSF check returned on a customer account$265The adjusted cash balance per the books on January 31 is:
A. $5,855
B. $4,815
C. $5,335
D. $4,055
E. $4,585
Answer: D
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