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 30$5425?Deposits in transit at month-end$1940?Outstanding checks at month-end$590?Bank service charges$32?EFT automatically deducted monthly, not yet recorded by Maxi$520?An NSF check returned on a customer account$335?The adjusted cash balance per the books on January 31 is:
A. $5642
B. $5888
C. $5431
D. $4538
E. $6478
Answer: D
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