### Calculate the adjusted cash balance for the january

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Question - The following items appeared on the January 31 bank reconciliations for Gower Company:

• Bank Service Charge: \$8
• NSF Check: \$40
• Outstanding Checks: \$30
• Deposit in Transit: \$80
• Error: Deposit by Gower for \$404 was correctly recorded by Gower, but recorded for \$440 by the bank.
• Bank collection of Note Receivable for Gower: \$170

The unadjusted balance per the January 31 bank statement is \$1,000.

The adjusted cash balance for the January 31 balance sheet is:

a. \$1,136

b. \$1,014

c. \$1,086

d. \$1,050

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