Question: In preparing its bank reconciliation for the month of May 2022, a business has the following information available. What should be deducted from the

Select one: a. ( $ 2,000 ) b. ( $ 1,200 ) c. ( $ 700 ) d. ( $ 100 )

In preparing its bank reconciliation for the month of May 2022, a business has the following information available. What should be deducted from the balance per bank statement at May 31, 2022? Balance per bank statement of May 31 $4,500 700 NSF cheque returned with June 30 bank statement 2,000 1,200 100 Deposits in transit as of May 31 Outstanding cheques as of May 31 Bank service charges for June Select one: O a. $2,000 b. $1,200 c. $700 d. $100

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