In the process of reconciling its bank statement for January, Maxi's Clothes accountant compiles the following information: Cash balance per company books on January 30 $ 4,725 Deposits in transit at month-end $ 1,800 Outstanding checks at month-end $ 520 Bank service charges $ 25 EFT automatically deducted monthly, not yet recorded by Maxi $ 380 An NSF check returned on a customer account $ 265.
The adjusted cash balance per the books on January 31 is
a. $5,855
b. $5,335
c. $4,055
d. $4,815
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