In Preparing Its August 31 2016 Bank Reconciliation Oakley Corp

In preparing its August 31 2016 bank reconciliation Oakley Corp. has available the following information: $\begin{array}{lr}\text { Balance per bank statement, } 8 / 31 / 16 & \$ 65,490 \\\text { Deposit in transit, } 8 / 31 / 16 & 10,170 \\\text { Return of customer's check not sufficient funds, } 8 / 30 / 16 & 1,800 \\\text { Outstanding checks, } 8 / 31 / 16 & 5,820 \\\text { Bank service charges for Auqust } & 350\end{array}$ At August 31 2016 Oakley's adjusted cash balance is

A) $59670.
B) $59320.
C) $69840.
D) $61140.

Correct Answer:

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