Hector Company gathered the following reconciling information in preparing its March bank reconciliation:
Cash balance per books, on 3/31 $12,000
Note receivable collected by bank 6,000
Outstanding checks 9,000
Deposits in transit 4,500
Bank service charge 75
NSF check 1,200
Using the above information, what is the adjusted cash balance for March?
a. $16,725
b. $12,225
c. $7,500
d. $15,500
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