Business, 10.03.2020 16:58 chjam265

On October 31, 2015, the bank statement shows that your company has $14,856.73 in its checking account. You are aware of three outstanding checks for a total of $4,962.19. During October, 2015, the bank rejected two deposited checks from customers totaling $ 1,129.19 because of insufficient funds and charged you $50.00 in service fees. You had not yet received notice about the bad checks, but you were aware of and have recorded the $50.00 of service fees. Prior to adjustment on October 31, 2015, your Cash account would have a balance of:

A) $11,023.73.

B) $20,898.11.

C) $18,639.73.

D) $8,815.35.

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On October 31, 2015, the bank statement shows that your company has $14,856.73 in its checking accou...

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