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Question - In preparing its bank reconciliation for the month of September 2011, Mazaya, Inc. has available the following information Balance per bank statement (9/30/11) R.O.78,280; NSF check returned with 9/30/11 bank statement R.O. 900, Deposits in transit (9/30/11) R.O.10,000; Outstanding checks (9/30/11) R.O.10,400, Bank service charges for September R.O. 40, check erroneously charged by bank R.O. 300. What should be the adjusted cash balance at September 30, 2011?
a. R.O.77,280
b. R.O.77,240
c. R.O. 78,180
d. R.O.77,880
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