In the process of reconciling its bank statement for January, Maxi's Clothing's accountant compiles the following information: Cash balance per company books on January 30 $ 5,225 Deposits in transit at month-end $ 1,900 Outstanding checks at month-end $ 570 Bank service charges $ 30 EFT automatically deducted monthly, not yet recorded by Maxi $ 480 An NSF check returned on a customer account $ 315 The adjusted cash balance per the books on January 31 is: Multiple Choice $4,400 $5,420 $5,730 $5,255 $6,300
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In the process of reconciling its bank statement for January, Maxi's Clothing's accountant compiles...
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