In preparing its August 31, 2020 bank reconciliation, Bing Corp. has available the following information:
Balance per bank statement, 8/31/20 $18,650
Deposit in transit, 8/31/20 3,900
Return of customer's check for insufficient funds, 8/30/19 3,600
Outstanding checks, 8/31/20 2,750
Bank service charges for August 100
At August 31, 2020, Bing's correct cash balance is:
a. $19,800. b. $19,100. c. $19,200 d. $17,500.
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