Question
In preparing its bank reconciliation for the month of April 2020, Vaughn Manufacturing has the following information available. Balance per bank statement, 4/30/20 $102430 NSF
In preparing its bank reconciliation for the month of April 2020, Vaughn Manufacturing has the following information available.
| Balance per bank statement, 4/30/20 | $102430 | |
| NSF check returned with 4/30/20 bank statement | 1350 | |
| Deposits in transit, 4/30/20 | 15100 | |
| Outstanding checks, 4/30/20 | 15480 | |
| Bank service charges for April | 58 |
What should be the correct balance of cash at April 30, 2020?
$102050
$100700
$100642
$103342
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Intermediate accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson
7th edition
978-0077614041, 9780077446475, 77614046, 007744647X, 77647092, 978-0077647094
