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What is lama adjusted cash balance on july

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Reference no: EM132524745

Question 1: At July 1, Lama Company has the following bank information: cash balance per book $30,400; interest revenue $100; outstanding checks $1500; collections from customers $3500; deposits in transit $800; NSF checks $2100; bank service charge $75. What is Lama's adjusted cash balance on July 1?

Select one:

Option a. $29700

Option b. $31825

Option c. Another amount

Option d. $36025

Reference no: EM132524745

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