The following informat Inc A deposit of $5,700 is in transit Outstanding checks

Question

The following informat Inc A deposit of $5,700 is in transit Outstanding checks total $1,500 The book balance is $6,200 at February 28, 2019 eeper recorded a $1,700 check as $17,300 in payment of the current month's rent . The The bank balance at February 28, 2019 was $17,020 A deposit of $300 was credited by the bank for $3,000 A customer's check for $3,200 was returned for nonsufficient funds. The bank service charge is $80 What was the adjusted book balance? OA. $18,520 O B. $18,680 O C. $18,600 O D. $17,100 Click to select your answer

Explanation / Answer

A. $18,520

Adjusted book balance = $6,200 + $17,300 - $1,700 - $3,200 - $80

Adjusted book balance = $18,520

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