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What is the correct cash balance of morning on august

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Question - In preparing its August 31, 20x3 bank reconciliation, Morning Co. has made available the following information:

Balance per bank statement, 8/31/x3 18,050

Deposit in transit, 8/31/x3 3,250

Return of customer's check for insufficient funds, 8/31/x3 600

Outstanding checks, 8/31/x3 2,750

Bank service charges for August 100

Required - What is the correct cash balance of Morning on August 31, 20x3?

a. 15,550

b. 16,850

c. 17,650

d. 18,550

Reference no: EM132626958

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