Clayborn Company' bank reconciliation as of May 31 is shown below. Bank balance$15,800Book balance$17,025+ Deposit in transit 5,200Bank service fees ?25? Outstanding checks ?4,600NSF returned ?600Adjusted bank balance$16,400Adjusted book balance$16,400One of the adjusting journal entries that Clayborn must record as a result of the bank reconciliation includes:
A. A debit to Cash of $5,200
B. A credit to Cash of $600
C. A credit to Cash of $4,600
D. A debit to Cash of $625
E. A debit to cash of $25
Answer: B
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