Question
Cash balance per company books on April 30 $ 6,200 Deposits in transit at month-end $ 1,450 Outstanding cheques at month-end $ 770 Bank charge
Cash balance per company books on April 30 $ 6,200 Deposits in transit at month-end $ 1,450 Outstanding cheques at month-end $ 770 Bank charge $ 120 Note collected by bank on Donahues behalf $ 620 A cheque paid to Donahue during the month by a customer is returned by the bank as NSF $ 630 The adjusted cash balance per the books on April 30 is:
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Financial Reporting Financial Statement Analysis And Valuation A Strategic Perspective
Authors: Clyde P. Stickney, Paul Brown, James M. Wahlen
6th Edition
0324302959, 9780324302950
