The May bank statement for Accounting Services shows a balance of $6,200, but the
balance per books shows a cash balance of $7,680. Other information includes:
1. A check for $190 to pay the electric bill was recorded on the books as $30.
2. Included on the bank statement was a note collected by the bank for $370 plus
interest of $30.
3. Checks outstanding totaled $270.
4. Bank service charges were $50.
5. Deposits in transit were $1,880.
The adjusted cash balance at the end of May should be:
A) $7,810.
B) $7,140.
C) $9,560.
D) $7,590.
