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What was the march cash balance on roscoe books

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Problem 1: The Roscoe Company's March 31, 2016 bank statement balance was $77,500. As of March 31, 2016, outstanding checks total $25,000 and deposits in transit total $16,500. What was the March 31, 2016 cash balance on Roscoe's books?

Option 1: $86,000.

Option 2: $119,000.

Option 3: $77,500.

Option 4: $69,000.

Reference no: EM132840778

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