Rodgers Company Gathered the Following Reconciling Information in Preparing Its

Rodgers Company gathered the following reconciling information in preparing its May bank reconciliation. Calculate the adjusted cash balance per books on May 31.
$\begin{array}{|l|r|}\hline \text { Cash balance per books, } 5 / 31 & \$ 5,400 \\\hline \text { Deposits in transit } & 375 \\\hline \text { Notes receivable and interest collected by bank } & 650 \\\hline \text { Bank charge for check printing } & 40 \\\hline \text { Outstanding checks } & 2,400 \\\hline \text { NSF check } & 140 \\\hline\end{array}$

A) $5,870
B) $6,245
C) $4,930
D) $3,845

Correct Answer:

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