The following information is needed to reconcile the cash balance for Baker's Dry Cleaning, Inc. A deposit of $5,500 is in transit Outstanding checks total $1,300 The book balance is $6,100 at February 28, 2017. The bookkeeper recorded a $1,700 check as $17,000 in payment of the current month's rent The bank balance at February 28,2017 was $17,540 A deposits $400 was credited by the bank for $4,000 A customer's check for $3,200 was returned for nonsufficient funds The bank service charge is $60. What was the adjusted book balance'? A. $18,140 B. $18,260 C. $17,600 D. $18,200

Q&A Education