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What is the corrected cash balance at February

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Reference no: EM132571506

Question - In preparing its bank reconciliation for the month of February, James Company has made available the following information:

Balance per bank statement, February 28 P18, 025

Deposit in transit, February 28 3, 125

Outstanding checks, February 28 2,875

Check erroneously deducted by bank from James account February 10 125

Bank service charges for February 25

Required - What is the corrected cash balance at February 28?

a. 18, 150

b. 18, 275

c. 18, 400

d. Answer not given

e. 18, 125

Reference no: EM132571506

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