Question: The correct answer is B and I cannot figure out why. Can someone please help? 1. The following items appeared on the January 31 bank

The correct answer is B and I cannot figure out why. Can someone please help?

1. The following items appeared on the January 31 bank reconciliations for Corbett Company:

Outstanding Checks: $30

NSF Check: $16

Bank Service Charge: $9

Deposit in Transit: $32

Error: Check written by Corbett for $440 was correctly recorded in the books, but the bank recorded $404.

Bank collection of Note Receivable for Corbett: $44

The unadjusted January 31 book balance is $1,000.

The adjusted cash balance for the January 31 balance sheet is:

a. $966

b. $1,019

c.

$1,055

d.

$983

e.

$1,057

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