Reference no: EM131696132

Question - On January 31 the Anne Marie Corporation had three outstanding deposits: a $640 deposit made on January 29, a $750 deposit made on January 30, and a $120 deposit made on January 31. During February the company made the following deposits: February 5 of $800, February 12 of $1,400, February 18 of $1,900, February 24 of $2,600, and February 28 of $500. On its February 28 bank statement, the following deposits appeared as processed by the bank: February 1 $640 and $750, February 2 $120, February 6 $800, February 13 $1,400, February 19 $1,900, and February 25 $2,600. Determine the dollar amount of the company's outstanding deposits on February 28.

a. $8,210

b. $1,510

c. $500

d. $7,200