In the process of reconciling its bank statement for January,Maxi's Clothing's accountant compiles the following information:
The adjusted cash balance per the books on January 31 is:
A)$5,855
B)$5,335
C)$4,055
D)$4,815
E)$4,585

Bank Statement

A bank statement is a summary of all transactions in an account, provided by the bank to the account holder, usually on a monthly basis.

Adjusted Cash Balance

The cash amount reported in financial statements, adjusted for outstanding checks and deposits in transit, to reflect the actual available cash.

Accountant

A professional responsible for managing and examining financial records, preparing financial statements, and ensuring compliance with legal requirements.