The following information is needed to reconcile the cash balance for Discount Dry Cleaning, Inc. A deposit of $5,800 is in transit. Outstanding checks total $1,200 *The book balance is $6,000 at February 28, 2025 .. The bookkeeper recorded a $1,500 check as $17,300 in payment of the current month's rent *The bank balance at February 28, 2025 was $18,610 A deposit of $500 was credited by the bank for $5,000 A customer's check for $3,000 was returned for nonsufficient funds *The bank service charge is $90. What was the adjusted book balance? OA. $18,710 OB. $18,700 OC. $18,800 OD. $18.890
The following information is needed to reconcile the cash balance for Discount Dry Cleaning, Inc. A deposit of $5,800 is in transit. Outstanding checks total $1,200 *The book balance is $6,000 at February 28, 2025 .. The bookkeeper recorded a $1,500 check as $17,300 in payment of the current month's rent *The bank balance at February 28, 2025 was $18,610 A deposit of $500 was credited by the bank for $5,000 A customer's check for $3,000 was returned for nonsufficient funds *The bank service charge is $90. What was the adjusted book balance? OA. $18,710 OB. $18,700 OC. $18,800 OD. $18.890
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:The following information is needed to reconcile the cash balance for Discount Dry Cleaning, Inc.
*A deposit of $5,800 is in transit.
.
Outstanding checks total $1,200.
*The book balance is $6,000 at February 28, 2025
* The bookkeeper recorded a $1,500 check as $17,300 in payment of the current month's rent
*The bank balance at February 28, 2025 was $18,610
"A deposit of $500 was credited by the bank for $5,000
A customer's check for $3,000 was returned for nonsufficient funds
The bank service charge is $90.
What was the adjusted book balance?
O A. $18,710
OB. $18,700
OC. $18,800
OD. $18,890
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