This Question: 3 pts The following information is needed to reconcile the cash b

Question

This Question: 3 pts The following information is needed to reconcile the cash balance for Johnson Catering Services . A deposit of $5,800 is in transit. Outstanding checks total $1,100. . The book balance is $6,000 at February 28, 2017. ·The bookkeeper recorded a $1,700 check as S 17,300 in payment of the current month's rent. . The bank balance at February 28, 2017 was $17,230 . A deposit of $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 $70. What was the adjusted book balance? OA. $18,470 B. $18,400 O C. $17.300 O D. $18,330

Explanation / Answer

Book balance = 6000

Add wrong payment recorded due to which cash balance decreased by 15600

less Return of customer cheque 3200

less bank charges 70

Adjusted book balance (d) 18330

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