Clayborn Company' bank reconciliation as of May 31 is shown below. Bank balance $ 15,800 Book balance $ 17,025
+ Deposit in transit 5,200 Bank service fees −25
− Outstanding checks −4,600 NSF returned −600
Adjusted bank balance $16,400 Adjusted book balance $ 16,400
One of the adjusting journal entries that Clayborn must record as a result of the bank reconciliation includes:
a) A debit to cash of $25
b) A debit to Cash of $625
c) A debit to Cash of $5,200
d) A credit to Cash of $600
e) A credit to Cash of $4,600

Kirnon clinic uses client-visits as its measure of activity. during july, the clinic budgeted for 3,250 client-visits, but its actual level of activity was 3,160 client-visits. the clinic has provided the following data concerning the formulas to be used in its budgeting: fixed element per month variable element per client-visitrevenue - $ 39.10personnel expenses $ 35,100 $ 10.30medical supplies 1,100 7.10occupancy expenses 8,100 1.10administrative expenses 5,100 0.20total expenses $ 49,400 $ 18.70the activity variance for net operating income in july would be closest to: